WXIC Names Industry Veteran Simon Yang as CEO

WUHAN, CHINA--(Marketwire - Jan 28, 2013) - WXIC (Wuhan Xinxin Semiconductor Manufacturing), a leader in NOR flash memory production and 300 mm technology, announced today that Dr. Simon Yang has been appointed CEO. Dr. Yang is a recognized veteran in China's semiconductor industry and will play a key role in expanding WXIC's presence in the global semiconductor industry as it brings world class manufacturing solutions to the market.

Previously Dr. Yang has held positions as CTO and Senior Vice President of operations for Chartered Semiconductor (now Global Foundries). He also served for many years at Intel where his last position was as Senior Director of Logic Technology Development. Currently he also serves as an executive consultant to many of China's semiconductor initiatives. He received his PhD in Materials Engineering at Rensselaer Polytechnic Institute (RPI).

Jizeng Wang, Chairman of WXIC, said, "We are delighted to have someone of Dr. Yang's caliber and stature to lead WXIC. His past experiences, proven technical understanding, and management expertise will enable us to strengthen the company's global competitiveness and open new opportunities for us."

One of Dr. Yang's first imperatives will be to build an internationally qualified executive team.
Dr. Yang commented, "This is an exciting time to be joining WXIC. We have an excellent foundation for 300 mm manufacturing capacity, and are well-positioned to implement aggressive technology initiatives. My goal is to deliver solutions using a best of breed management culture based upon customer service and integrity in everything we do."

About WXIC
WXIC is a leader in NOR flash memory production with 300 mm fabrication capabilities. The company offers comprehensive 300 mm foundry services built on proven technology expertise and a commitment to customer service excellence. It first began production in 2008 and is headquartered in Wuhan China. More information can be found at www.wxics.com