Word: semiconductors
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...JOHN HSUAN, 53, former chairman and vice-chairman of Taiwan's United Microelectronics Corp. (UMC), the world's second largest maker of custom computer chips; for allegedly transferring technology, funds and personnel to Chinese start-up He Jian Technology, in violation of laws prohibiting the establishment of high-tech semiconductor plants on the mainland without special approval; in Taipei. The two are also charged with "breach of trust" for allegedly acting against the interests of UMC shareholders. The company has denied the allegations, calling the indictments "purely political...
...Rodgers may be many things--tough taskmaster, Green Bay Packers fan--but reticent he is not. And if anything gets the pugnacious founder and CEO of Cypress Semiconductor talking, it's the notion that corporations ought to exist for more than the pursuit of profit. In the simplest terms, that idea--called corporate social responsibility, or CSR--invites companies to consider their impact on people and the planet on a par with their traditional quest for profit. Rodgers considers that bunk. Not that he opposes conscientious corporate conduct or occasional acts of charity. He's quick to point out that...
...Lucent spin-off. In 2000 he joined an optics firm called OMM Inc. that tanked with the telecom sector in 2003. Stints with a venture-capital firm and optical- component maker Bookham Inc. followed. Burke's former boss Phil Chapman, now CFO with Peregrine Semiconductor Corp. in San Diego, calls him "fearless." Fearlessness will serve Burke well now. "You don't want to be partnering with a customer who expects this to be simple," says another of Burke's former bosses, John Hughes...
...FINED. SAMSUNG ELECTRONICS and its U.S. subsidiary, Samsung Semiconductor; $300 million, in connection with charges of price-fixing; by the U.S. District court; in San Francisco. Samsung was charged with colluding with industry rivals from 1999 to 2002 to fix the prices of dynamic random access memory (DRAM) chips, used in everything from cell phones to laptops, forcing major computer manufacturers such as Dell, Hewlett-Packard and Apple to raise prices to compensate. The fine is the second-largest criminal antitrust fine in U.S. history...
Rick Tsai CHIP CZAR Don't tell Tsai, 54, the new CEO of Taiwan Semiconductor Manufacturing Co. (TSMC), that replacing a legend is daunting. Chip mogul Morris Chang, who founded TSMC in 1987 and built it into the world's largest manufacturer of custom-made chips, named Tsai, a 15-year TSMC veteran, his successor. (Chang remains chairman.) Tsai is already forecasting a gaudy 43% quarterly gross-profit margin for the $8 billion company. Tsai knows TSMC inside out, having held nearly every senior position, and has lived up to his strong nickname: Buffalo. --By Joyce Huang/Taipei...