Octric Semiconductor looks for a CEO
One of the key questions around the UK government’s acquisition of a semiconductor fab in Durham was who was going to run it.
That question will be answered shortly, as Octric Semiconductor, the new name for the venture, is now looking for a chief executive officer. Recruiter Korn Ferry has been appointed to find a suitable candidate, who will have to navigate the concerns of the UK government as a major investor as well as the fluctuating and uncertain semiconductor market.
The fab was originally set up by Fujitsu to make memory chips but was most recently owned by US group Coherent to make gallium arsenide (GaAs) chips for the Typhoon fighter programme as well as gallium nitride (GaN) and indium phosphide (InP). The plant currently employs 130 people led by Ian Croston as general manager who moved across from Coherent.
Earlier this month saw a £200m investment from the UK Ministry of Defence to invest in new technology platforms for GaN and InP.
The semiconductor cluster in the area is growing, with Pragmatic Semiconductor setting up several 300mm fabs for plastic chips nearby, and Filtronic also making high end RF filters for aerospace, satellite and military applications.
The company is also recruiting for several roles including an e-beam process engineer, Integration and Yield Manager, photolithography and etch process engineers and an integration engineer.
www.octric.com; www.kornferry.com
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