The Federal Reserve Board of Governors in Washington, D.C., renamed George Scalise of Los Altos chairman of the board of the Federal Reserve Bank of San Francisco for a second term to begin in January.

Scalise is president of the Semiconductor Industry Association (SIA), a trade association that includes more than 85 percent of the member companies in the U.S. microchip industry.

A graduate of Purdue University in mechanical engineering, Scalise joined SIA from Apple Computer, where he served as executive vice president of operations. Prior to that, he held executive management positions with National Semiconductor, Maxtor Corporation, Advanced Micro Devices, Fairchild Semiconductor and Motorola Semiconductor.

He serves on President Bush’s Council of Advisors on Science and Technology, as well as industry boards, including Cadence Design Systems and iSuppli Corporation.

As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws and is fiscal agent for the U.S. government.