LISTED semiconductor maker SFA Semicon Philippines Corp. (SSP), formerly Phoenix Semiconductor Philippines Corp., announced on Tuesday the appointment of Byunggil Go as the company’s new president effective July 3, 2017.
The Board of Directors approved Go’s election yesterday. Go will replace Byeongchun Lee, following the latter’s resignation earlier.
Go was the head of manufacturing of SFA Semicon Korea (SSK) for five years until his recent election, and brings with him 20 years of experience as senior manager of Samsung Electronics prior to joining SSK. He has a doctorate degree in business administration.
“I am honored to assume the presidency of SSP, which has steadily grown and delivered consistent profitability in its almost seven years of operations,” Go was quoted as saying.
Lee, on the other hand, will be moving up to SSK headquarters to head the group operations center in South Korea. He will stay as president of the SSP until the close of office hours on July 2.
SSK has a majority and controlling stake in SSP and a subsidiary also producing memory devices in China.
Go noted that the company is poised to take advantage of the industry’s strong recovery, which signals an uptrend in the business cycle beginning 2017, despite geopolitical uncertainties.
He gave recognition to Lee, who is credited with the continued expansion of the company’s production business with Samsung since 2011, as well as steering it through the volatile and challenging global semiconductor industry in 2015 to 2016.
The company also announced its plans to carry out a strategic expansion of its manufacturing capacity and to serve more customers within this year.
“Construction of the Phase 2 manufacturing plant is now more than 50 percent complete and is on-schedule for completion and start-up of equipment installation by September,” the company said.
Last month, the company secured the nod of the Securities and Exchange Commission (SEC) to change its corporate name.
SSP said the name change is in line with the SFA group’s objective to expand its footprint in the global semiconductor industry, coupled with the strong industry recovery in the first few months of 2017.