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United States : POET Technologies Appoints Ajit Manocha as Executive Vice Chairman and Announces Other Board Updates

July 8, 2014

POET Technologies Inc. ( the Company ) developer of the planar opto-electronic technology (POET) platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer today announced major changes to its Board of Directors and changes to the slate of Board candidates for the Annual General Meeting.

Ajit Manocha Joins POET as Executive Vice Chairman The Board of Directors is pleased to announce that Ajit Manocha has joined the Board as Executive Vice Chairman. In this capacity, Mr. Manocha will help in determining the strategic direction of the Company, and work closely with the Company s Executive Chairman and interim CEO in carrying out actions to support that strategic direction, specifically including: mergers and acquisitions (M&A), and related transitions; joint ventures, collaborations, partnerships and other industry relationships; assistance in capital raises; and identification and installation of a permanent CEO.

Mr. Manocha was most recently CEO of GlobalFoundries, the second-largest semiconductor foundry in the world, formerly the manufacturing arm of Advanced Micro Devices (AMD), and expanded via the acquisition of Chartered Semiconductor. GlobalFoundries produces integrated circuits (IC) in high volume for semiconductor companies such as AMD, Apple, Broadcom, Qualcomm, Samsung, and STMicroelectronics. Globally, it owns five 200-mm fabrication plants, and three 300-mm fabrication plants, including a new 300-mm plant in New York. Mr. Manocha continues in a role as advisor with GlobalFoundries.

Prior to his tenure at GlobalFoundries, Mr. Manocha was an advisor to Advanced Technology Investment Company and Executive Vice President of Worldwide Operations at Spansion, where he managed global IC manufacturing, and supply chain management for its semiconductor division. Earlier he was Executive Vice President and Chief Manufacturing Officer at Philips Semiconductors (now NXP). He has also worked at AT&T Microelectronics and AT&T Bell Laboratories.

Mr. Manocha also serves on the Board of Directors for SVTC Technologies and Signet Solar. He was previously on the boards of International Sematech, the Crolles Alliance, Advanced Semiconductor Manufacturing Corporation (ASMC) and served as Chairman of the Board of Directors of Systems-on-Silicon Manufacturing Company (SSMC) in Singapore. Since 2012, Mr. Manocha has also served on the U.S. Presidential Committee for Advanced Manufacturing Partnership.

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Source: TendersInfo (India)

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