PRESS RELEASE
Global Communication Semiconductors, Inc. (GCS) Initiates
Search for New CEO
January 31st, 2002, TORRANCE, CALIF. -
- - GCS, Inc. (Global Communications Semiconductor, Inc.), a leading
pure-play III-V compound semiconductor foundry service provider,
announced today that it has begun the search for a new President and
CEO. GCS has also named the existing COO, Dr. S K Dave Wang, as the
acting CEO and President. Dr. Wang is a veteran in the III-V
compound semiconductor industry with over 24 years of experience
with TRW, Hughes Aircraft Co., and Westinghouse R&D Center. The
Founder and former CEO, Dr. Owen Wu, will take the role of Chief
Strategy Officer and remain a member on the board of directors.
GCS recently announced a financing round of
$17.5M on Jan.11, 2002. Subsequent to this financing, the new board
has formed a search committee to seek candidates to fill the
President and CEO position. Dr. Wang commented, "We appreciate
Dr. Wu’s vision and his contribution to the development of GCS,
and we are pleased that he can continue to contribute his industry
insight and experience to GCS in his new role as Chief Strategy
Officer. We anticipate that the new CEO and President will bring
strong leadership and focused direction to GCS with the goals of
achieving profitability and an eventual IPO".
In his new role as CSO, Dr. Owen Wu will work
closely with the President and CEO to identify, develop and execute
GCS’ global relationships with customers and strategic partners to
further strengthen the Company’s position as the number one
pure-play compound semiconductor foundry in the world.
Global
Communication Semiconductors Inc., based in Torrance, California, an
ISO 9002 certified company, provides compound semiconductor foundry
services to the wireless telecommunication and high-speed networking
industries. GCS currently offers foundry service for both InGaP and
InP HBT processes and provides optoelectronic foundry services for
PIN diodes used in the fiber optic communication market.
For
more information on GCS contact:
Bill
Vitez
Director
of Marketing and Sales
Global
Communication Semiconductors, Inc.
23600
Telo Avenue, Suite 118
Torrance,
CA 90505
Tel:
310-530-7274 x 714
Fax:
310-517-8201
Email:
bvitez@gcsincorp.com
Web
site: http://www.gcsincorp.com
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