Fischer to Change Role at ISSI
November 16 2005 - 10:00PM
PR Newswire (US)
SANTA CLARA, Calif., Nov. 16 /PRNewswire-FirstCall/ -- Integrated
Silicon Solution, Inc. (NASDAQ:ISSI) today announced that Gary
Fischer, President and CFO, will change his role at the Company.
Mr. Fischer will step down as President and CFO but he will remain
on the ISSI board of directors. Mr. Fischer joined the company in
1993 and has held a variety of titles and functions during his
tenure. He will continue on an as-needed basis to assist in the
areas of investor relations, strategic and financial planning and
to provide support to his replacement. Mr. Fischer plans to serve
as acting CFO until a permanent CFO is appointed. Mr. Lee,
currently Chairman and CEO, will become Chairman, CEO and President
of ISSI. "This is the right time in ISSI's history for me to make
this change," said Mr. Fischer. "We have successfully transferred a
substantial portion of our operations to Asia and after twelve and
one half years I am ready for a new challenge. I will be joining a
start up company but will continue to serve on the ISSI board and
support ISSI in various ways." "Gary has been a great partner for
me here at ISSI," said Jimmy Lee, Chairman and CEO. "Although we
regret his decision, we welcome the opportunity to keep him
involved at the board level and in other ways. He has been very
instrumental in restructuring the company in the last year and in
the successful acquisition of ICSI in Taiwan. He remains highly
regarded by the team here." About the Company ISSI is a fabless
semiconductor company that designs and markets high performance
integrated circuits for the following key markets: (i) digital
consumer electronics, (ii) networking, (iii) mobile communications
and (iv) automotive electronics. The Company's primary products are
high speed and low power SRAM and low and medium density DRAM. The
Company also designs and markets EEPROM, SmartCards and is
developing selected non-memory products focused on its key markets.
ISSI is headquartered in Silicon Valley with worldwide offices in
China, Europe, Hong Kong, India, Korea and Taiwan. Visit our web
site at http://www.issi.com/. DATASOURCE: Integrated Silicon
Solution, Inc. CONTACT: Gary L. Fischer, President & CFO of
ISSI, +1-408-969-4612, or Web site: http://www.issi.com/
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