SOURCE: SVTC Technologies

SVTC Technologies

September 20, 2010 09:00 ET

SVTC Announces New Board Member - Ajit Manocha

Ajit Manocha Brings Outsourcing, Fab Operations and Emerging Technology Development Insights to SVTC's Winning Commercialization Business Model

SAN JOSE, CA--(Marketwire - September 20, 2010) -  SVTC Technologies, the leading commercialization service provider for new emerging silicon-based technologies, is pleased to announce the appointment of Mr. Ajit Manocha as a new member of the Company's Board of Directors.

Mr. Manocha brings more than 30 years of global expertise in R&D, manufacturing, sales, and general management to SVTC. A seasoned semiconductor expert, Mr. Manocha has held several senior executive and management positions at Spansion, NXP, Philips Semiconductors, AT&T Microelectronics and AT&T Bell Laboratories.

Until recently, Mr. Manocha was Executive Vice President of Worldwide Operations and a member of the Executive Management Board at Spansion. He was responsible for all aspects of the company's global manufacturing operations, IT and supply chain management. Prior to Spansion, he was Executive Vice President and Chief Manufacturing Officer at NXP (formerly Philips Semiconductors), where he was responsible for worldwide IC manufacturing, supply chain management and purchasing for the semiconductor division.

Mr. Manocha has previously served on the Board of Directors of International Sematech, the Crolles Alliance, ASMC and has also served as Chairman of the Board of Directors of SSMC in Singapore.

"SVTC has successfully shaped a winning commercialization model," said Ajit. "I look forward to working with SVTC's talented management team to help them capitalize on the company's ever-growing market opportunities."

"We are delighted to have Mr. Manocha join our Board. He is a tremendous addition to our company given his insights and leadership contributions in transforming the semiconductor industry through embracing the fabless model," said Bert Bruggeman, CEO of SVTC. "Our leadership team and myself look forward to working with Mr. Manocha as we shape and execute our strategies for enabling the next generation silicon innovators with an enhanced customer offering and experience."

About SVTC
SVTC Technologies provides development and commercialization services for innovative semiconductor process-based technologies and products, cost-effectively and in an IP-secure manner. Through facilities in San Jose, California and Austin, Texas, SVTC serves customers in rapidly growing markets such as MEMS, microfluidics, high voltage, and TSV that are used in a wide array of industries such as medical, semiconductor fabrication, military-aerospace, consumer-mobility and clean energy. SVTC offers a suite of leading-edge equipment and services, including full-scale 8-inch and 12-inch process capabilities, advanced CMOS and non-CMOS equipment, analytical services, development support tools and commercialization services. SVTC is ISO9001 and ITAR registered. SVTC's investors include Oak Hill Capital Partners, Tallwood Venture Capital and the company's management and employees. SVTC is an equal opportunity employer. More information can be found at www.svtc.com.

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