Alpha and Omega Semiconductor Announces New Director Nominee
May 09 2019 - 4:31PM
Business Wire
Alpha and Omega Semiconductor Limited (“AOS” or the “Company”)
(NASDAQ: AOSL), today announced that its Board of Directors intends
to nominate Claudia Chen as a director to be elected at its 2019
Annual General Meeting of Shareholders in November 2019 (the
“AGM”). The Company also announced that, after six years of
distinguished service, Bob Chen has informed the Board that he will
not stand for re-election at the AGM.
“We are pleased and excited that a leader of Claudia's caliber
has decided to join our Board,” said Dr. Mike Chang, Chairman and
CEO of the Company. “Ms. Chen brings 20 years of experience in
financial and executive management of technology companies, and she
will provide significant leadership, industry perspective and
operational capabilities to AOS as we continue to execute and
expand our growth plans.”
“We also want to thank Bob Chen for his six years of outstanding
service at AOS. Bob has brought valuable insight and entrepreneur’s
expertise to the Board. His support and guidance have made
important contributions to the Company’s growth plans. On behalf of
our company and the Board, I would like to express our gratitude
and appreciation for his support, and wish him the best for his new
business endeavors and charity foundation.”
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer,
developer and global supplier of a broad range of power
semiconductors, including a wide portfolio of Power MOSFET, IGBT,
IPM, Power IC products and Digital Power. AOS has developed
extensive intellectual property and technical knowledge that
encompasses the latest advancements in the power semiconductor
industry, which enables us to introduce innovative products to
address the increasingly complex power requirements of advanced
electronics. AOS differentiates itself by integrating its Discrete
and IC semiconductor process technology, product design, and
advanced packaging know-how to develop high performance power
management solutions. AOS's portfolio of products targets
high-volume applications, including portable computers, flat panel
TVs, LED lighting, smart phones, battery packs, consumer and
industrial motor controls and power supplies for TVs, computers,
servers and telecommunications equipment. For more information,
please visit www.aosmd.com.
Forward Looking Statements
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
based on management's judgment, beliefs, current trends, and
anticipated product performance. These forward looking statements
include, without limitation, statements regarding the new director
nominee and annual meeting of shareholders. Forward looking
statements involve risks and uncertainties that may cause actual
results to differ materially from those contained in the
forward-looking statements. These factors include, but are not
limited to, our ability to successfully operate our joint venture
in China; our ability to develop and succeed in the digital power
business; difficulties and challenges in executing our
diversification strategy into different market segments; new
tariffs on goods from China; ordering pattern and seasonality; our
ability to introduce or develop new and enhanced products that
achieve market acceptance; decline of the PC industry and our
ability to respond to such decline; the actual product performance
in volume production, the quality and reliability of our product,
our ability to achieve design wins, the general business and
economic conditions, the state of semiconductor industry and
seasonality of our markets, our ability to maintain factory
utilization at a desirable level; and other risks as described in
our SEC filings, including our Annual Report on Form 10-K for the
fiscal year ended June 30, 2018 filed by AOS on August 23, 2018.
Other unknown or unpredictable factors or underlying assumptions
subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements.
Although we believe that the expectations reflected in the forward
looking statements are reasonable, we cannot guarantee future
results, level of activity, performance, or achievements. You
should not place undue reliance on these forward-looking
statements. All information provided in this press release is as of
today's date, unless otherwise stated, and AOS undertakes no duty
to update such information, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190509005962/en/
Alpha and Omega Semiconductor LimitedInvestor RelationsSo-Yeon
Jeong408-789-3172investors@aosmd.com
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