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China Paving The Way For Lesser Threats?

China Paving The Way For Lesser Threats?

China banned US chip maker Micron from selling to Chinese companies working on key infrastructure projects, in a major escalation of an ongoing battle between the world’s top two economies over access to crucial technology. This move might spell an opportunity for Korea.

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UTAC Appoints Ken Rizvi As New Chief Financial Officer

UTAC Appoints Ken Rizvi As New Chief Financial Officer

Singapore: On 1 June 2018, United Test and Assembly Centre (UTAC) Holdings Limited—a global semiconductor test and assembly services provider, announced the appointment of Mr Ken Rizvi as senior vice president and chief financial officer effective 1 June 2018.

Image Source: UTAC

Mr Rizvi joins UTAC from Isola where he served as its chief financial officer overseeing both the finance and IT organisations. He has more than 20 years of experience in the technology industry with senior leadership roles at Micron, ON Semiconductor and Isola. He replaces Shawn L. Kelly, the interim chief financial officer, who will return to his role as vice president of finance.

“We are delighted to welcome Ken to UTAC’s management team as CFO. Ken’s extensive business and financial experience with major technology companies will be invaluable as we look at organic and inorganic drivers to grow the company post debt restructuring and maximise value for our stakeholders. I would also like to thank Shawn Kelly who served as interim CFO over the last 8 months,” said Dr John Nelson, chief executive officer of UTAC.

Prior to Isola, Mr Rizvi held senior finance positions with Micron and ON Semiconductor. He also served as an associate with Technology Crossover Ventures—a leading private equity and venture capital firm focused on growth technology companies—and as an investment banker at Morgan Stanley. He holds an Executive MBA from the W.P. Carey School of Business at Arizona State University, United States, and a Bachelor of Science degree in Economics from Yale University.

 

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