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Ramtron Announces Exec Changes

COLORADO SPRINGS, Colo. — U.S. semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of ferroelectric-based low-power memory and integrated semiconductor products, today announced the resignation of its Chief Operating Officer Robert R. Djokovich, the promotion of Michael D. Hollabaugh to Chief Marketing Officer, and the appointment of Mary C. Chu as VP of operations.

The resignation of Ramtron Chief Operating Officer Robert R. Djokovich was effective January 17, 2011. In connection with the resignation, Ramtron and Mr. Djokovich also terminated Mr. Djokovich’s Change in Control Severance Agreement. Ramtron does not intend to name a replacement Chief Operating Officer at this time as it plans to distribute most of the responsibilities of the role to Mary Chu, the newly appointed VP of operations, with executive oversight by Ramtron’s CEO, Bill Staunton.

In her new role, Ms. Chu will be responsible for moving Ramtron to a best-in-class product delivery status, monitoring the company’s cost of goods expense in accordance with its annual operating plan, and completing a controlled expansion of the company’s product supply chain capability to support Ramtron’s anticipated product and revenue growth. Ms. Chu will report directly to Ramtron’s CEO, Bill Staunton.

Ms. Chu brings to Ramtron more than 30 years of semiconductor industry experience in operations, worldwide supply chain management, new product management, wafer process/device engineering, domestic and international wafer process transfer, and quality and reliability. Since 2007, Ms. Chu was VP of operations for Qspeed Semiconductor where she was responsible for all aspects of product manufacturing and delivery as well as production quality and reliability. Qspeed, which was recently acquired by Power Integrations, Inc., was focused exclusively on developing, manufacturing and marketing high quality, super-efficient power semiconductors. Among her achievements at Qspeed, Ms. Chu led a 28% margin improvement in three years through test cost reduction, ceramic cost reduction and second source assembly cost reduction.

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