RESEARCH TRIANGLE PARK, N.C. (May 14, 2015) – Semiconductor Research Corporation (SRC), the world’s leading university-research consortium for semiconductor technologies, announced today that Ken Hansen has been appointed SRC’s new President and Chief Executive Officer (CEO), effective June 1.

Hansen’s professional experience includes serving as Vice President and Chief Technology Officer (CTO) at Freescale Semiconductor since 2009. Hansen replaces retiring SRC President and CEO Larry Sumney who guided the organization for more than 30 years since its inception in 1982. SRC’s many accolades over the years include being the recipient of the National Medal of Technology in 2007.

“SRC under Larry Sumney's leadership has made an indelible impact on the advancement of technology during the past three decades, and we congratulate Larry on his retirement and salute him for his contributions to the semiconductor industry,” said Mike Mayberry, Intel Corporate Vice President and Director of Components Research who is SRC Board Chairman. “We also welcome Ken Hansen to his new role guiding SRC, and we look forward to Ken’s leadership helping SRC reach new heights in an era where basic research and development is as critical as ever."

Prior to his CTO role at Freescale, Hansen led research and development teams for more than 30 years in multiple senior technology and management positions at Freescale and Motorola. Hansen holds Bachelor and Master of Science degrees in Electrical Engineering from the University of Illinois where he has been recognized as an ECE (Department of Electrical and Computer Engineering) Distinguished Alumni.

In his new role at SRC, Hansen intends to build on the consortium’s mission of driving focused industry research to both advance state-of-the-art technology and continue to create a pipeline of qualified professionals who will serve as next-generation leaders for the industry.

“SRC also has an opportunity to strengthen its core by recruiting new members to gain more leverage to fund industry wide solutions for some of the challenging technology roadblocks that are ahead of us,” said Hansen.

“The model that SRC has developed is unmatched in the industry and has proven to be extremely significant. The industry would not be where it is today without the contributions of SRC under the leadership and vision of Larry Sumney,” Hansen continued.

Meanwhile, Sumney’s decorated career began in 1962 at the Naval Research Laboratory. He later directed various other research programs at Naval Electronics Systems Command and the Office of the Undersecretary of Defense — including the Department of Defense’s major technology initiative, Very High Speed ICs (VHSIC) —before agreeing to lead SRC following its formation by the Semiconductor Industry Association.

Under his leadership, SRC has also formed wholly owned subsidiaries managing the Nanoelectronics Research Initiative (NRI), the Semiconductor Technology Advanced Research network (STARnet) and the SRC Education Alliance, among other programs. Sumney received a Bachelor of Physics from Washington and Jefferson (W&J) College, which recognized him with the 2012 Alumni Achievement Award, and a Master of Engineering Administration from George Washington University.

“I have enjoyed a front row seat in the development of today’s technology-based economy and advancement of humanity through the semiconductor industry,” said Sumney. “I am completely confident that SRC is well positioned and will continue to flourish, to seed breakthrough innovation and help provide the people and ideas to keep the U.S. semiconductor industry competitive and prosperous in years to come.”

Additional industry leaders with strong ties to SRC commended Sumney for his service over the years while supporting Hansen’s appointment.

"Over more than 30 years, Larry Sumney's visionary leadership of SRC has steered one of the world's most transformative industries through times of tremendous growth and innovation," said John Kelly, Senior Vice President, Solutions Portfolio and Research for IBM.  "I'll personally miss working with Larry, but also have tremendous respect for and confidence in Ken Hansen, and we look forward to collaborating with him to drive the next generation of research in this vital industry."

“Larry’s leadership and vision are key reasons why SRC’s research has played a fundamental role behind many of the most significant semiconductor innovations of the last three decades,” said Lisa Su, AMD president and CEO and a former SRC student. “Ken’s broad industry experience makes him ideally suited to lead the next phase of the SRC, as the organization continues to expand its capabilities and provide the basic research and development foundation needed to further accelerate innovation across the industry.”

About SRC

Celebrating more than 30 years of collaborative research for the semiconductor industry, SRC defines industry needs, invests in and manages the research that gives its members a competitive advantage in the dynamic global marketplace. Awarded the National Medal of Technology, America’s highest recognition for contributions to technology, SRC expands the industry knowledge base and attracts premier students to help innovate and transfer semiconductor technology to the commercial industry. For more information, visit https://www.src.org/.

MEDIA CONTACT:

Dan Francisco
Integrity Global for SRC
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