GUC President Jim Lai Announces Retirement

August 10, 2016 - Hsinchu, Taiwan -- Jim Lai, President of Global Unichip Corp. (GUC), the Flexible ASIC Leader^TM, announced his retirement during a Board of Directors meeting on August 4. He cited personal reasons for his decision.

Mr. Lai was named President of GUC in 2003 and firmly established the company's focus on technology and its customer-first strategy. He was actively involved in expanding the business and in improving operational efficiency. Mr. Lai guided GUC’s successful IPO in November of 2006 and led the company's rise to becoming the global semiconductor design service leader in terms of revenue. His outstanding achievements have received wide acclaim.

The GUC Board of Directors expressed their appreciation for Mr. Lai's contributions and wished him well in his future endeavors. At the same time, they appointed Dr. Ken Chen as President to succeed Mr. Lai. Dr. Chen will officially begin his responsibilities on September 1.

With nearly 24 years of semiconductor industry experience, Dr. Ken Chen is eminently qualified to lead GUC. He assumes his new position after serving as Senior Director of Business Development at Taiwan Semiconductor Manufacturing Company (TSMC), where he also held a variety of management positions at TSMC North America and TSMC Japan. Prior to joining, TSMC, Dr. Chen worked at Intel and after earning his PhD in Materials Science & Engineering from Stanford University.

About GUC

GLOBAL UNICHIP CORP. (GUC) is the Flexible ASIC Leader^TM who provides the semiconductor industry with leading IC implementation and SoC manufacturing services. Based in Hsinchu Taiwan, GUC has developed a global reputation with a presence in China, Europe, Japan, Korea, and North America. GUC is publicly traded on the Taiwan Stock Exchange under the symbol 3443. For more information, visit www.guc-asic.com.