The National Silicon Industry Group (NSIG) retains Nabeel Gareeb, former CEO of MEMC, to establish materials eco-system

The National Silicon Industry Group (NSIG) retains Nabeel Gareeb, former CEO of MEMC, to establish materials eco-system

Tuesday, Jul 11, 2017

The National Silicon Industry Group (NSIG) retains Nabeel Gareeb, former CEO of MEMC, to establish materials eco-system

NSIG, the officially sanctioned materials group in China, announced that they have retained Mr. Nabeel Gareeb, former CEO of MEMC Electronic Materials Inc., to help them establish a materials eco-system to support the growth of the semiconductor industry in China.

Stated Dr. Xi Wang, Chairman of NSIG – “It is an honor for us to be able to obtain Mr. Gareeb’s assistance to create a more integrated supply chain in China, especially in the materials arena. Although NSIG is only 18 months old, we are confident that with Mr. Gareeb’s guidance and leadership we will be able to establish a significant presence in China and on the world stage in a short period of time”.

Stated Mr. Kai Ren, Vice Chairman of NSIG, and Vice President of Investments at Sino IC Capital – “We are pleased to have Mr. Gareeb lead NSIG’s evolution in supporting the materials ecosystem for China. We continue to be very supportive of NSIG’s exclusive mission, and look forward to acceleration of the work that has been started”.

Stated Mr. Gareeb – “After several years of private work, I have decided to re-engage in the public sphere to again help create enterprises that can eventually be self-funding. Based on the customer demand, employee talent, and early institutional funding, I believe NSIG is well positioned to grow and support the burgeoning Semiconductor industry on the mainland, and I am excited to be able to assist in its evolution. As an example, NSIG started by focusing on the wafer part of the materials eco-system, and is currently funding the installation of several hundred thousand wafers per month of 300mm wafering capacity, placing it in a unique position during a period where the industry capacity is anticipated to be fully utilized. This capacity is starting its production ramp, and may grow to one million 300mm wafers per month to support local and global demand”.

NSIG was formed in December, 2015, and is headquartered in Shanghai. It is a shareholder of Okmetic (200mm and smaller diameter wafers), Simgui and Soitec (SOI substrates), and Zing Semiconductor (300mm diameter wafers). NSIG counts Sino IC Capital and Guosheng Capital as its largest shareholders.

Mr. Nabeel Gareeb was formerly the CEO of MEMC Electronic Materials, Inc., a semiconductor and solar wafer manufacturer. Prior to MEMC, Mr. Gareeb was the COO of International Rectifier Corporation, a power semiconductor device manufacturer.

NSIG Press Release