ASAT Holdings Strengthens Management Team With Appointment of Assembly and Test Industry Veteran John R. McMillan as Senior VP o
March 20 2008 - 8:00AM
PR Newswire (US)
HONG KONG and MILPITAS, Calif., March 20 /PRNewswire-FirstCall/ --
ASAT Holdings Limited (NASDAQ:ASTT) (the "Company"), a global
provider of semiconductor package design, assembly and test
services, today announced the appointment of John R. McMillan to
the newly created position of Senior Vice President of Quality and
Engineering. Mr. McMillan is scheduled to begin his new role
effective April 1, 2008 and will be located in Dongguan, China.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO) Mr.
McMillan brings more than 20 years of semiconductor assembly and
test experience to ASAT, including 19 years in various management
positions at Amkor Technology where he was most recently Vice
President of Quality, Reliability and Manufacturing Engineering.
While at Amkor, Mr. McMillan also served in several senior level
positions in advanced product development and engineering
management. "John brings to ASAT more than two decades of
successful senior level quality, engineering and operations
experience in the semiconductor assembly and test industry," said
Tung Lok Li, acting chief executive officer of ASAT Holdings
Limited. "We believe his addition to our management team further
validates ASAT's improving position within the test and assembly
industry." In addition to his experience at Amkor, Mr. McMillan
served as Director of Quality and Engineering at Tensolite Company,
a division of the Carlisle Corporation, where he revamped quality
control procedures and managed the transition of manufacturing
operations to China from the U.S. "ASAT has continued to improve
manufacturing quality since the completion of its move to Dongguan
last year," said Mr. McMillan. "I look forward to taking ASAT's
quality benchmarks to the next level by implementing the proven
quality processes and techniques I've learned through my many years
of experience in the assembly and test industry." About ASAT
Holdings Limited ASAT Holdings Limited is a global provider of
semiconductor package design, assembly and test services. With 19
years of experience, the Company offers a definitive selection of
semiconductor packages and world-class manufacturing lines. ASAT's
advanced package portfolio includes standard and high thermal
performance ball grid arrays, leadless plastic chip carriers, thin
array plastic packages, system-in-package and flip chip. ASAT was
the first company to develop moisture sensitive level one
capability on standard leaded products. Today the Company has
operations in the United States, Asia and Europe. For more
information, visit http://www.asat.com/. Safe Harbor This news
release contains statements and information that involve risks,
uncertainties and assumptions. These statements and information
constitute "forward-looking statements" within the meaning of
federal securities laws including Section 27A of the United States
Securities Act of 1933, as amended, and Section 21E of the United
States Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that could cause the
actual performance, financial condition or results of operations of
ASAT Holdings Limited to differ materially from those expressed or
implied in any forward-looking statement. Investors are cautioned
that actual events and results could differ materially from those
contained in these statements as a result of a variety of factors,
including the risk that we will not be able to locate and retain
suitable people for our middle and senior management, the risk that
we may not be able to maintain our improving position within the
test and assembly industry due to conditions in the overall
semiconductor market and economy, the need for additional funding
and the risk that financing may not be obtained, our ability to
maintain or improve our manufacturing quality and those risks,
uncertainties, assumptions and other factors stated in the section
entitled "Risk Factors" in our Annual Report on Form 20-F filed
with the United States Securities and Exchange Commission on
October 15, 2007 and the section entitled "Risk Factors" in our
current reports on Form 6-K containing quarterly financial
information filed with the United States Securities and Exchange
Commission. The forward-looking statements in this release reflect
the current beliefs and expectations of the Company as of this
date, and the Company undertakes no obligation to update these
projections and forward-looking statements to reflect actual
results or events or circumstances that occur after the date of
this news release.
http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO
http://photoarchive.ap.org/ DATASOURCE: ASAT Holdings Limited
CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, Web
site: http://www.asat.com/
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