Chip Express Names Industry Heavyweights to Board of Directors; Gil Amelio and Chuck Fox Offer Knowledge of Global Semiconductor Industry.Business Editors/Technology Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Dec. 16, 2002 Chip Express today announced that Gil Amelio Gilbert F. Amelio (born March 1, 1943 in New York City) is an American technology executive. He grew up in Miami, Florida, and received a bachelor's, master's, and Ph.D. in physics from the Georgia Institute of Technology. , former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of National Semiconductor, and Chuck Fox, former VP of worldwide marketing and VP/General Manager at Xilinx, have joined the company's Board of Directors. Both men bring decades of global-level experience in the semiconductor industry, which is expected to help Chip Express establish itself as a leading manufacturer of late-stage programmable Modular Gate Array ASICs. "That these two industry heavyweights have joined our board of directors speaks volumes about the growth potential for our Modular Gate Array ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. technology," said Steve McMinn, president and CEO of Chip Express. "The combination of Gil's extensive semiconductor industry management experience and Chuck's expertise in marketing ASICs to global customers will help the board of directors make key business decisions." Gil Amelio is presently a senior partner with Sienna sienna: see ocher. Ventures, chairman of the board at Viaquo, and a member of the board of Newport Opticom. During his three decades of technology and business leadership, Gil has served as CEO and chairman of Apple Computer; president, CEO, and chairman of National Semiconductor; and president of Rockwell Communication Systems, a unit of Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. . Amelio is a former director and chairman of the Semiconductor Industry Association, and has served on the Board of Governors of the Electronics Industries Association. His current and past directorships also include SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications, Pacific Telesis
Pacific Telesis Group was one of the seven Regional Bell Operating Companies created after the 1984 breakup of AT&T as a holding company for Pacific Bell and Nevada Bell. Corp., Chiron Corp., Sematech, the Georgia Tech Advisory Board (chairman), and the American Film Institute American Film Institute (AFI), nonprofit organization established in Washington, D.C., in 1967 by the National Endowment for the Arts to preserve and catalog American films and television, to provide work grants for new and established filmmakers, and to increase . "Chip Express possesses the rare combination of unique technology, strong management, and large market potential, all of which drew me to view the company as a great opportunity," said Gil Amelio, Senior Partner, Sienna Ventures. "I look forward to helping guide the executive team as the company expands and grows." Chuck Fox is a principal at JCE See JCA. Consulting, an independent consulting business for VC-backed startup companies, and a member of the board of Frazier Technologies. He was formerly president and CEO of Chameleon Systems, where he raised $74 million in three rounds and built the company to 100 employees, gaining extensive startup management experience to complement his large company skills. At Xilinx, Fox was VP/General Manager for two different business units (ASIC and Military). He managed marketing, IC and CAD engineering, design center, and operations to achieve a cohesive, productive, and motivated team. He also developed strategic relationships with foundries in Japan and Taiwan. Prior to Xilinx, Fox spent nine years at Intel, where he was a key contributor to the explosive growth of IBM's PC business. "I am intrigued by Chip Express' proprietary modular gate array technology because it appears very well suited to exploiting the market gap between all-layer customizable ASICs and FPGAs, delivering high-speed, low-cost, fast turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. , and low NRE (Non-Recurring Engineering) Refers to the cost of creating a new product, which is paid up front. Contrast with "production cost," which is ongoing and based on the quantity of material produced. ," said Chuck Fox, Principal, JCE Consulting. "My relevant global operating experience at Intel and Xilinx, coupled with CEO startup experience, will enable me to give Chip Express unique insight into what it takes to be successful in this marketplace." About Chip Express Chip Express is a leading manufacturer of late-stage programmable gate array Application Specific Integrated Circuits (ASICs). The company's innovative, patented technology consolidates wafer manufacture tooling, reduces time-to-market and minimizes the cost of initial production. The company's Modular Gate Array technology is widely used in automotive telematics, computing peripherals, communications, high-end consumer electronics, industrial control, medical equipment and military/aerospace systems. Headquartered in Santa Clara, CA, Chip Express is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , founded in the U.S. in 1989. A subsidiary, Chip Express (Israel) Ltd., performs Research & Development and manages European operations. This press release contains forward-looking statements based on current information available to Chip Express Corporation as of the date hereof. These statements are based on Management's current expectations and may ultimately prove to be incorrect or false. Factors which could cause future results to differ materially from the results discussed, implied, or forecasted in the forward-looking statements include delays in scheduled product availability dates (which could result from various occurrences including development or testing difficulties, software errors, shortages in appropriately skilled engineers and project management problems); the risks inherent in the commercialization of the Company's anticipated products and services; shifts in customer or market demand for the Company's anticipated products; the impact of competitive products and pricing; and possible disruptive effects of organizational changes, including retaining key personnel and coordinating operations. Chip Express Corp. assumes no obligation to revise or update any forward-looking statements contained in this press release. All other products or service names mentioned herein are the property of their respective owners. Note to Editors: Photos available upon request. |
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