Jackson Lam China VP Strategic Alliances, Weebit Nano

Weebit Nano Ltd, the Israel-based semiconductor company seeking to develop and commercialise the next generation of memory technology, appointed Jackson Lam as
VP strategic alliances, China, in an advisory capacity.

In this role he will be responsible for Weebit Nano’s partnerships in China including customers, potential industry partners, and investors.

The Chinese semiconductor industry is growing rapidly -faster than the rest of the world. Revenues are expected to reach almost $129 billion by 20201 – nearly a third of global revenue. The Chinese government recently allocated a 300 billion Yuan ($47.4 billion) fund for development of China’s semiconductor industry. This makes China a prime target for semiconductor providers such as Weebit Nano.

Lam has almost 40 years of experience in the Chinese semiconductor industry. He spent 15 years with Panasonic in business development, and established an R&D and manufacturing company providing services for many international semiconductor companies. In the past 12 years, he has focused on helping Israeli companies set-up and expand their business in China.

Coby Hanoch, CEO, said: “The Chinese market has become very important in the strategic plans of semiconductor companies and represents huge potential for Weebit Nano. Jackson has a very deep understanding of the dynamics of this market. His broad experience in helping Israeli companies grow in the Chinese market and connecting them to local investors, is extremely valuable to us.”

Lam said: “I am†very excited†to†join the†Weebit Nano team. Weebit Nano has made rapid progress in developing its ReRAM technology, which I believe has significant potential in China to be of interest to a large number of parties. There are many companies and investors looking for good strategic investment opportunities in the semiconductor space, and now is the right time for Weebit Nano to enter this market.”