News
 

Bookmark and Share

(0) 

GlobalFoundries on Monday announced that its board of directors has appointed Ajit Manocha, who had served as interim chief executive officer since June, as the company's chief executive officer on a permanent basis.

"The board worked diligently to review and interview a number of outstanding candidates who had excellent qualifications to become our CEO. We were excited to see the caliber of individuals who were eager to lead this company. In the end, we decided the best candidate is in-house and we're extremely pleased that Ajit has accepted our offer to become our permanent CEO," said Jim Norling, chairman of the GlobalFoundries board of directors.

Ajit Manocha is a veteran semiconductor industry executive with more than 30 years of global expertise in operations, general management, and manufacturing. Mr. Manocha previously served as executive vice president of worldwide operations at Spansion. Prior to Spansion, he served as 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.

As interim CEO, Manocha has played a critical role in strengthening GlobalFoundries, focusing on improving operations, increasing customer engagement, and laying the groundwork for technology leadership in the future. The board of directors believed that the management was responsible for failure to deliver 32nm SOI/HKMG chips on time to Advanced Micro Devices as well as for their low yields.

In a very short time, Mr. Manocha has overseen the company's focused effort to achieve operational excellence, boost customer satisfaction and accelerate leading-edge capacity expansion plans. GlobalFoundries is manufacturing the foundry industry's first high-k metal gate (HKMG) product, and is expected to ship more HKMG volume in 2011 than all other foundries combined. The company also is in the midst of capacity build-outs at its fabs in Germany, New York and Singapore. 

"I am looking forward to accelerating the momentum our 12 000 employees have created the last four months. I have been a part of the vision of this organization since its inception three years ago and am eager to continue to drive the company forward. Given the demand from our customers, our strong global assets and our committed investor with its long-term perspective, we'll strive for market leadership in the semiconductor foundry industry," said Mr. Manocha.

Tags: Globalfoundries, Semiconductor, 32nm, 28nm

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, July 28, 2014

6:02 pm | Microsoft’s Mobile Strategy Seem to Fail: Sales of Lumia and Surface Remain Low. Microsoft Still Cannot Make Windows a Popular Mobile Platform

12:11 pm | Intel Core i7-5960X “Haswell-E” De-Lidded: Twelve Cores and Alloy-Based Thermal Interface. Intel Core i7-5960X Uses “Haswell-EP” Die, Promises Good Overclocking Potential

Tuesday, July 22, 2014

10:40 pm | ARM Preps Second-Generation “Artemis” and “Maya” 64-Bit ARMv8-A Offerings. ARM Readies 64-Bit Cores for Non-Traditional Applications

7:38 pm | AMD Vows to Introduce 20nm Products Next Year. AMD’s 20nm APUs, GPUs and Embedded Chips to Arrive in 2015

4:08 am | Microsoft to Unify All Windows Operating Systems for Client PCs. One Windows OS will Power PCs, Tablets and Smartphones