SMIC transitions CEO responsibility to Dr. Haijun Zhao

Semiconductor Manufacturing International Corporation (“SMIC”; NYSE:  SMI; SEHK: 0981.HK), China’s largest and most advanced semiconductor foundry, today announces the appointment of Dr. Haijun Zhao as CEO replacing Dr. Tzu-Yin Chiu, who will continue to serve as Vice Chairman and Non-Executive Director of the Board and guide the Company’s future strategic direction. In addition, Dr. Chiu will serve as a full-time advisor until June 30, 2017, working closely with Dr. Zhao to ensure a seamless transition of leadership responsibilities.

Dr. Zhao joined SMIC in October 2010 and has moved quickly through the company’s ranks. In April, 2013, he became Executive Vice President, Chief Operating Officer. In July, 2013, he also assumed the role of General Manager of SMNC, SMIC’s joint venture in Beijing. Dr. Zhao received his B.S. and Ph.D. in Electronics Engineering from Tsinghua University, Beijing, and an MBA from the University of Chicago. He has more than 25 years of experience in semiconductor operations and technology development.

Dr. Zhou Zixue, Chairman of the Board said, “We are pleased to have Dr. Zhao, as nominated by Dr. Chiu, as the Company’s new CEO, to lead the Company forward. Also, I want to express my sincere appreciation to Dr. Chiu for his invaluable contributions to the Company. Dr. Chiu, in the past six years, has done an incredible job of turning around the Company, regaining the confidence of our stakeholders, and repositioning the Company as a leading player in the global foundry industry.  Due to personal family reasons, he has decided to step down at this time. SMIC will remain a global, professional and independent company. With the solid management team which Dr. Chiu has already put in place at SMIC, I am fully confident of the Company’s future prospects.”

“It has been an honor to lead the team to transform SMIC over these past years,” said Dr. Tzu-Yin Chiu. “The Board and I are confident that now is the right time to transition leadership responsibility, and Haijun is the right leader for SMIC’s next chapter of growth. Since joining SMIC seven years ago, Haijun has been an invaluable leader and was a part of the executive team which brought about the transformation in these past few years. SMIC benefits from an outstanding management team with a diverse range of experienced leaders and thousands of dedicated employees. I would like to thank the Board and my SMIC colleagues for their support. I will continue to serve the Company as Vice-Chairman and Non-Executive Director on the Board and contribute to its continued growth and success.”

Dr. Haijun Zhao, SMIC CEO said, “I am greatly honored to have the opportunity to lead the SMIC team at this exciting moment in our history. I would like to thank Dr. Chiu for his guidance and mentorship, as well as the Board for their trust. I look forward to working with the Board and the management team as we continue to enhance our competitive position in the foundry markets.  As a global and independent foundry player, we are committed to deliver results benefitting our shareholders, customers and employees.”

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