News: Suppliers
29 November 2023
IQE appoints new board members from TSMC and GlobalFoundries
Epiwafer and substrate maker IQE plc of Cardiff, Wales, UK has appointed veteran semiconductor industry leaders Bamdad (Bami) Bastani and Maria Marced to its board of directors as independent non-executive directors, effective from 1 January 2024, when Sir Derek Jones KCB will step down from the board.
Bastani has spent seven years at GlobalFoundries, first as senior VP & general manager of the Mobile & Wireless Infrastructure business unit and then senior VP & senior advisor to the CEO. He also spent seven years as a board member of the Global Semiconductor Alliance (GSA) and has held president and CEO roles at Meru Networks, Trident Microsystems and ANADIGICS.
Marced is currently the president of Taiwan Semiconductor Manufacturing Company (TSMC) Europe, a role she has held for over 16 years. Prior to that, she held senior VP roles at NXP Semiconductors and spent 19 years as VP & EMEA general manager at Intel Corp.
“Together they bring decades of combined expertise in the global semiconductor industry,” comments IQE’s CEO Americo Lemos. “Their deep understanding of manufacturing excellence, technology leadership and customer centricity, coupled with their strategic management of business operations, will be instrumental in our continued growth and success,” he believes.
Sir Derek Jones KCB is stepping down as a non-executive director on 1 January 2024, having joined the IQE board in December 2017. “His advisory oversight, operational perspective and financial understanding have been hugely valuable to the company throughout his tenure, and he will be missed,” comments IQE’s chairman Phil Smith. “We’re also very pleased to welcome Bami and Maria who will no doubt complement the diversity of expertise and experience on the IQE board.”
