Thursday, April 17, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
TSMC Reports Quarterly Profit
Toshiba Debuts World's Fastest microSD Memory Cards
PlayStation 4 Sales Surpass 7.0 Million Units
Google Reports Lower Than Expected First Quarter revenue
AMD Demonstrates Next-Gen x86 APU Running Fedora Linux
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > GLOBALF...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 16, 2011
GLOBALFOUNDRIES Appoints New CEO, Announces Investment Plan Through 2012


As part of a plan to continue investments in technology and manufacturing capacity over the next 18 months, the board of directors of GLOBALFOUNDRIES - along with its majority shareholder, the Advanced Technology Investment Company - announced today it has appointed new leadership to run the company.

Semiconductor industry veteran Ajit Manocha has been appointed interim Chief Executive Officer of GLOBALFOUNDRIES. James A. Norling will serve as Executive Chairman and Ibrahim Ajami will serve as Vice Chairman of the GLOBALFOUNDRIES board of directors. All appointments are effective immediately.

"GLOBALFOUNDRIES is just two years old, but in that short time customers have embraced what it represents to the market," said Norling. "At the same time, customers are asking us for more capacity, faster technology delivery and greater agility. The Board intends for this new management team to meet those customer needs while improving operational performance."

"GLOBALFOUNDRIES, with the continuous support of ATIC, is in the middle of an intense, competitive ramp-up of manufacturing capacity and technology development," said Ajami, who will also remain CEO of ATIC. Under this new leadership team, investment in GLOBALFOUNDRIES will double over the next 18 months."

Through end of May 2011, ATIC had invested over $6 billion, to acquire the former manufacturing assets of AMD in Dresden, Germany ($2.1 billion in March 2009) and the assets of Chartered Semiconductor Manufacturing of Singapore ($3.1 billion in December 2009) as well as an estimated $1 billion to construct a new fabrication facility in upstate New York. Through the end of 2012, ATIC said that it would invest another approximately $6 billion in manufacturing capacity in Dresden, Singapore and New York with initial construction to begin in Abu Dhabi.

Doug Grose, who has served as CEO of GLOBALFOUNDRIES since its inception, will transition to become senior advisor to GLOBALFOUNDRIES and ATIC with a focus on technology leadership and ensuring delivery of next generation technologies.

Norling also said an executive search for a permanent CEO has already begun.

Manocha is a veteran semiconductor industry executive with more than 30 years of global expertise in operations, general management, and manufacturing. He has recently served as an advisor to ATIC and previously he was Executive Vice President of Worldwide Operations at Spansion. Prior to Spansion, he was Executive Vice President and Chief Manufacturing Officer at NXP (formerly Philips Semiconductors), where he was responsible for worldwide IC manufacturing, supply chain management and purchasing for the semiconductor division. Manocha held senior executive and management positions at AT&T Microelectronics and AT&T Bell Laboratories, and began his career as a research scientist and was granted over a dozen U.S. and international patents for several inventions in the field of technology for microelectronics.

Norling is the former chairman of Chartered Semiconductor and held various positions at Motorola Inc. between 1965 and 2000. Ajami has been CEO of ATIC since November 2008. He joined ATIC from Mubadala Development Company, where he led an initial investment in AMD in 2007. Prior to Mubadala, he held several positions in Silicon Valley.


Previous
Next
LG Rolls Out OPTIMUS 3D Smartphone        All News        Microsoft Releases Kinect for Windows SDK
Microsoft Claims WebGL Is Harmful     General Computing News      Microsoft Releases Kinect for Windows SDK

Get RSS feed Easy Print E-Mail this Message

Related News
Globalfoundries To Buy IBM chip-making Business: report
AMD Amends Wafer Supply Agreement With GLOBALFOUNDRIES
Toshiba And GLOBALFOUNDRIES To Work Together On FFSA Manufacturing
Cadence and GLOBALFOUNDRIES Announce First Test Chip Featuring ARM Cortex-A12 Processor in 28nm-SLP Process
GLOBALFOUNDRIES Demonstrates Model for Next-Generation Chip Packaging Technologies
Foundries Spending Big on Capital Equipment
Apple Also Looks At Globalfoundries To Ensure Chip Capacity Flow
Rockchip Uses GLOBALFOUNDRIES' 28nm HKMG Process Technology For New Tablet SoC
GLOBALFOUNDRIES Accelerates Adoption of 20nm-LPM and 14nm-XM FinFET Processes with New Design Flows
GLOBALFOUNDRIES Joins Qualcomm, IMEC, In MRAM Research Efforts
Infineon and GLOBALFOUNDRIES To Produce 40nm Embedded Flash Process Technology
GLOBALFOUNDRIES Demonstrates 3D TSV Capabilities on 20nm Technology

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .