SUNNYVALE, Calif.--Silicon Image Inc., a supplier of multi-gigabit semiconductor chip solutions, Thursday (June 24) announced that chairman, founder and CEO, David Lee, is leading a search committee effort to identify and appoint a successor as CEO.
Lee will remain chairman, focusing on the development and delivery of the company's long-term vision and strategy. "After nearly a decade as CEO," Lee said in a statement, "I look forward to being able to focus my energy on strategic opportunities as we prepare for the continued challenges associated with growing into a larger and more complex global organization."
Silicon Image also said it would exceed its prior guidance for the second quarter ending June 30, 2004. The company expects second quarter revenues to grow 16-20 percent sequentially, versus 8-13 percent, as stated in its prior guidance.