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SHANGHAI, Nov. 9 /PRNewswire-Asia/ -- The Board of Semiconductor
Manufacturing International Corporation ("SMIC" or "the Group"; NYSE: SMI and
SEHK: 0981.HK), today announced the appointment of Dr. David N.K. Wang as an
Executive Director of the Board and the President and CEO of SMIC effective
immediately. Dr. Richard Chang has resigned to pursue other personal
interests.
Dr. Wang is a well known executive with extensive experience in the global
semiconductor industry. Dr. Wang was the CEO of Huahong (Group) Co., Ltd. and
Chairman of Huahong NEC, a subsidiary of Huahong Group between September 2005
and June 2007. Prior to joining Huahong Group, Dr. Wang was the Executive
Vice President of Applied Materials and President of Applied Materials Asia.
Dr. Wang was responsible for Applied Materials' business strategy, planning
and execution throughout Asia with a particular focus on building
infrastructure worldwide. Prior to joining Applied Materials, Dr. Wang
conducted research and made a number of key breakthroughs in semiconductor
technology at Bell Laboratories. Dr. Wang is a well recognized and respected
innovator with more than 100 patents under his name. Dr. Wang received his
Ph.D. in Materials Science and Engineering from the University of California,
Berkeley.
Mr. Jiang Shang Zhou, Chairman of the Board of Directors said, "We are
pleased to have Dr. Wang as our new leader at SMIC. The wealth of experience
and knowledge in the semiconductor industry he brings with him will help
foster further growth of SMIC in China and the world. Also, I want to express
my sincere thanks to Dr. Chang for his invaluable contribution to the founding
and growth of SMIC over the years, helping SMIC to grow into a leading player
in the semiconductor industry. Today, we have reached a new milestone and are
ready to start a new chapter. I am confident that with Dr. Wang being on
board, SMIC is embarking on a new initiative to better serve its customers,
broaden its product portfolios, and advance the technology front."
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI;
SEHK: 981) is one of the leading semiconductor foundries in the world and the
largest and most advanced foundry in Mainland China, providing integrated
circuit (IC) foundry and technology services at 0.35um to 45nm. Headquartered
in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and
three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its
Beijing mega-fab, a 200mm wafer fab in Tianjin, a 200mm fab under construction
in Shenzhen, and an in-house assembly and testing facility in Chengdu. SMIC
also has customer service and marketing offices in the U.S., Europe, and Japan,
and a representative office in Hong Kong. In addition, SMIC manages and
operates a 200mm wafer fab in Chengdu owned by Cension Semiconductor
Manufacturing Corporation and a 300mm wafer fab in Wuhan owned by Wuhan Xinxin
Semiconductor Manufacturing Corporation. For more information, please visit
http://www.smics.com .
SAFE HARBOR STATEMENTS
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains "forward-looking statements" within the
meaning of the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
SMIC's current assumptions, expectations and projections about future events.
SMIC uses words like "believe," "anticipate," "intend," "estimate," "could,"
"expect," "project" and similar expressions to identify forward-looking
statements, although not all forward-looking statements contain these words.
These forward-looking statements involve significant risks, both known and
unknown, uncertainties and other factors that may cause SMIC's actual
performance, financial condition or results of operations to be materially
different from those suggested by the forward-looking statements, including,
among others, risks related to the litigation with TSMC, in particular, the
outcome of the damages portion of the trial, and orders or judgments and the
trial schedule from other pending litigation, including SMIC's cross claims.
Investors should consider the information contained in SMIC's filings with
the U.S. Securities and Exchange Commission (SEC), including its Annual Report
on Form 20-F, as amended, filed with the SEC on June 22, 2009, especially in
the "Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections, and such other documents that
SMIC may file with the SEC or SEHK from time to time, including on Form 6-K.
Other unknown or unpredictable factors also could have material adverse
effects on SMIC's future results, performance or achievements. Except as may
be required by law, SMIC undertakes no obligation and does not intend to
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
For more information, please contact:
Esther Lau
Strategic Financial Relations Limited
Tel: +852-2864-4845
Email: esther.lau@sprg.com.hk
Winnie Lau
Strategic Financial Relations Limited
Tel: +852-2864-4876
Email: winnie.lau@sprg.com.hk