9/20/2006
Inotera Announces Executive Management Change

 

Inotera Announces the Appointment of Mr. Peter Bailey as Executive Vice President

Former Executive Vice President Dr. Karlheinz Horninger Moves to Head Qimonda's Strategy & Business Development

Taipei, Taiwan, September 20th, 2006 Inotera Memories, Inc. TAIEX 3474 today announced the appointment of Mr. Peter Bailey as Executive Vice President, effective October 1, 2006 . Mr. Bailey replaces previous EVP Dr. Karlheinz Horninger , who is assuming new responsibilities at Qimonda AG. In his new role, Mr. Bailey will stand at the top of the Inotera organization together with the President, Mr. Charles Kau

Before joining Inotera, Mr. Bailey concurrently served as senior vice president of advanced front-ends at Infineon Technologies Munich since 2001 and Managing Director at Infineon Technologies Dresden GmbH & Co. OHG since October 2004. From 1996 till 2001, he was Managing Director of Infineon Technologies Austria AG, and from 1992 to 1996, he served as Managing Director and gained international business experience at Siemens Semiconductor Advanced Technologies, in Malacca, Malaysia. Mr. Bailey joined Siemens in 1980 after receiving his M.S. in Technical Physics from the Technical University of Graz, Austria.

“We are very happy that we were able to bring Mr. Bailey on board. His remarkable experience in the semiconductor industry will certainly be of great value for Inotera. I am looking forward to working together with him on the continuation of the Inotera success story.” said Charles Kau, President of Inotera Memories Inc, and added “We're grateful for Dr. Horninger’s tremendous contribution to the successful start-up for the company. Under his leadership, Inotera has been profitable since operation and has made significant landmark achievements in technology transfer, manufacturing ramp-up and yield improvement. We wish him all the best.”


About Inotera

Inotera Memories, Inc. was incorporated on January 23rd, 2003. Inotera was founded as a joint venture by Infineon Technologies AG and Nanya Technology Corporation. Inotera’s production facility has been designed to manufacture high-density and high-performance commodity DRAM (Dynamic Random Access Memory) products using state of the art trench technology. The collaboration of Qimonda’s (the former Memory Products Group recently carved out from Infineon Technologies) world leading technology and Nanya’s cost efficiency in mass production have developed an innovative facility which are highly productive, highly competitive and leading edge in the DRAM industry. For more information please visit http://www.inotera.com

Spokesperson

President, Charles Kau     

Press Contact

Dora Tou                          
Tel. 03-327-2988 Ext. 3935
E-mail
doratou@inotera.com

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