Spreadtrum Announces Departure of Chief Technology Officer
SHANGHAI, April 25, 2013
SHANGHAI, April 25, 2013 /PRNewswire-FirstCall/ --Spreadtrum Communications,
Inc. (NASDAQ: SPRD; "Spreadtrum" or the "Company"), a leading fabless
semiconductor provider in China with advanced technology in 2G, 3G and 4G
wireless communications standards, today announced that it has terminated the
employment of Chief Technology Officer Mr. Qiuzhen (Joe) Zou, effective as of
the close of business, April 25, 2013, Beijing Time. Mr. Zou will be eligible
for the relevant severance benefits. Spreadtrum does not intend to replace the
position in the immediate future, and has made plans for Mr. Zou's
responsibilities to be assumed by other members of the Company's senior
About Spreadtrum Communications, Inc.
Spreadtrum Communications, Inc. (NASDAQ:SPRD; "Spreadtrum") is a fabless
semiconductor company that develops mobile chipset platforms for smartphones,
feature phones and other consumer electronics products, supporting 2G, 3G and
4G wireless communications standards. Spreadtrum's solutions combine its
highly integrated, power-efficient chipsets with customizable software and
reference designs in a complete turnkey platform, enabling customers to
achieve faster design cycles with a lower development cost. Spreadtrum's
customers include global and China-based manufacturers developing mobile
products for consumers in China and emerging markets around the world. For
more information, visit www.spreadtrum.com.
SPREADTRUM SAFE HARBOR STATEMENT:
This press release contains "forward-looking statements" within the meaning of
the "safe harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Such forward-looking statements include, without limitation,
statements regarding plans for Mr. Qiuzhen (Joe) Zou's responsibilities to be
assumed by other members of the Company's senior engineering management. The
Company uses words like "believe," "anticipate," "intend," "estimate,"
"expect," "project" and similar expressions to identify forward-looking
statements, although not all forward-looking statements contain these words.
These statements are forward-looking in nature and involve risks and
uncertainties that may cause actual market trends and the Company's actual
results to differ materially from those expressed or implied in these
forward-looking statements for a variety of reasons. Potential risks and
uncertainties include, but are not limited to, continuing competitive pressure
in the semiconductor industry and the effect of such pressure on prices; and
changes in political, economic, legal and social conditions in China. For
additional discussion of these risks and uncertainties and other factors,
please consider the information contained in the Company's filings with the
U.S. Securities and Exchange Commission (the "SEC") and the annual report on
Form 20-F filed on April 10, 2012, especially the section under "Risk Factors"
and such other documents that the Company may file with the SEC from time to
time, including on Form 6-K. The Company assumes no obligation to update any
forward-looking statements, which apply only as of the date of this press
release, and does not intend to update any forward-looking statement whether
as a result of new information, future events or otherwise except as required
SOURCE Spreadtrum Communications, Inc.
Contact: Investor Relations, +1 650-308-8148, email@example.com
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