Globalfoundries replaces CEO in management shakeup

The chip maker said it is gearing for new investments, faster technology delivery, and agility

Chip maker GlobalFoundries said two top executives have stepped down and been replaced by a new leadership team as the company looks to step up investments and boost chip manufacturing capacity through next year.

The company announced that Doug Grose will no longer be CEO, and will be replaced by Ajit Manocha, a semiconductor industry veteran who was previously vice president of operations at memory company Spansion.

Grose, who ran GlobalFoundries since it was founded in 2009, will become a senior advisor. His successor will operate as an interim CEO until a permanent CEO is found.

GlobalFoundries also said Chia Song Hwee, the chief operating officer, would depart the company in August 2011. The company did not announce a replacement.

Customers are asking for more capacity, faster technology delivery and greater agility, and the company's Board intends for the new management team to meet those customer needs while improving operational performance, GlobalFoundries said. It did not however explain why the previous management was not up to the task.

GlobalFoundries began operations after Advanced Micro Devices' manufacturing arm was spun off. The company operates fabs in the U.S., Germany and Singapore, where it makes CPU chips, graphics chips and other integrated chips for computing products such as PCs, tablets and smartphones. GlobalFoundries will begin construction of a new manufacturing plant in Abu Dhabi next year which will start operating in 2015.

In just two years of operations, the company has attracted a huge demand from customers to make chips for computing devices, said Jason Gorss, a GlobalFoundries spokesman, in an e-mail.

The company will be investing around US$6 billion by end 2012 for initial construction of the Abu Dhabi factory and to add capacity in its current factories, Gorss said.

GlobalFoundries aims to become a big technology player in the Middle East through the Abu Dhabi factory. Intel is also a regional powerhouse, as it has a fab and designs chips in Israel.

GlobalFoundries is currently making AMD's mainstream PC chips code-named Llano using the 32-nanometer process. The chips were officially announced earlier this week and are now available in some laptops from Hewlett-Packard and Toshiba.

The semiconductor manufacturing company is majority owned by Advanced Technology Investment Company (ATIC), a part of the Abu Dhabi government's Mubadala Development investment arm. AMD has a minority stake in GlobalFoundries.

GlobalFoundries also appointed James Norling as executive chairman and Ibrahim Ajami as vice chairman of the company's board of directors. Norling is a semiconductor industry veteran who was the former chairman and interim CEO of Chartered Semiconductor, which was acquired by GlobalFoundries early last year. Ajami is the CEO of ATIC.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuespersonnelglobalfoundries

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?