Jackson Hu has resigned from his position as chairman and CEO at UMC and will now only take part as a senior advisor. According to Digitimes:
United Microelectronics Corporation (UMC) has announced the election of Stan Hung to the position as company chairman and Shih-Wei Sun to the position of CEO in a board meeting held today (July 16). The election was held after chairman and CEO Jackson Hu announced his decision to resign from active leadership of the company to pursue a role as a senior advisor to UMC.
Hu commented that he felt he has accomplished many of his objectives and that the timing is right for a younger and more energetic management team to take over. Incoming chairman Hung said UMC remains committed to serving customers while enhancing the strength of its financial structure and controlling costs, shareholders and employees. Sun added that his top priority as CEO will be to ensure that UMC delivers solutions that target customer success as they face the ongoing economic uncertainty.
Jackson Hu has had quite an impressive 30-year career in the semiconductor industry. According to the UMC profile page:
Dr. Jackson Hu is the Chairman and Chief Executive Officer of UMC. A 30-year veteran of the industry, Dr. Hu possesses extensive experience in the IC design industry in the fields of MPU, Graphics, and wireless communications.
Before joining UMC, Dr. Hu served as President and CEO of SiRF Technology, a fabless communications IC and IP company focused on GPS-based location technology which went public in April 2004. Dr. Hu also helped found IC Ensemble and Verticom, which were acquired by Via Technology and Western Digital in 2000 and 1988, respectively.
Before joining SiRF, Dr. Hu worked at S3, the leading fabless PC graphic chipset and software provider, as senior vice president and general manager. While at S3, Hu helped grow the company into the market leader.
Dr. Hu earned his bachelor's degree in electrical engineering from National Taiwan University and his master's and doctorate degrees in computer science from the University of Illinois, Urbana. He later earned an MBA from Santa Clara University.
Dr. Hu rose to the positions he is now stepping back from after the founder and former chairman of UMC Robert Tsao was accused of illegally investing in China. PC World provides some background:
Jackson Hu took over as chairman of UMC in early 2006 after his boss stepped down in a spat with the Taiwan government. Robert Tsao [CQ], founder and former chairman of UMC, left his job amid allegations of illegally investing in China. Last year, he and another UMC executive were exonerated when a Taiwan court ruled there was not enough evidence to convict them in the case.
UMC has been going through some tough times lately. Their share price is at a near all time low! Their business structures are probably still OK and they are inevitably victims of a global slowdown. Anyway, I am sure Dr. Hu will continue to contribute to UMC and Taiwan's semiconductor industry in a significant way. These business leaders never do step back all the way, its not in their blood!
Digitimes: UMC announces restructuring of executive team
PC World: Chairman of Chip Maker UMC Resigns
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