Semiconductor foundry GlobalFoundries has appointed Dr Thomas Caulfield as its new CEO, replacing Sanjay Jha.
Caulfield was beforehand senior vice president and common supervisor at the organization, immediately after joining GlobalFoundries in 2014. Prior to that, he expended seventeen yrs at IBM.
Solid in hearth
Aerial photograph of GlobalFoundries Dresden
“It has been an remarkable 4 yrs,” mentioned Jha, who headed the organization due to the fact 2014. Prior to that, he was chairman and chief executive officer of Motorola Mobility, and in advance of that the chief running officer of Qualcomm.
“We have reworked GF into a trusted, trusted foundry for our world-wide consumer foundation. The acquisition of IBM’s microelectronics small business has permitted us to independently create foremost-edge technological know-how together with 7nm, as well as develop our management positions in differentiated firms this sort of as RF, ASICS and the FDX platform.”
The IBM acquisition was an unusual 1 – due to losses the small business was creating, IBM truly compensated GlobalFoundries $1.5bn to takeover the division. Underneath GlobalFoundries, the small business was instrumental in the enhancement of GF’s new 14nm production facility in upstate New York, which was headed by Caulfield.
The incoming CEO mentioned: “I am honored to be supplied this opportunity to direct GF at this sort of an fascinating time at the organization and in our industry. With fascinating new shoppers coming into the current market, we have the unique technological know-how portfolio and executional keep track of report to reset the competitive enjoying field in the speedily-increasing foundry section. And we will keep on to modify the industry that is changing the globe.”
The small business commenced in 2009 out of the divestiture of AMD’s manufacturing arm, and grew even further with the acquisition of Chartered Semiconductor a calendar year later. It is now bulk-owned by the Emirate of Abu Dhabi through its subsidiary the Mubadala Expenditure Corporation.
Jha will keep on to “work closely” with Mubadala to explore the enhancement and make out of opportunity long run devices firms, the organization mentioned.
Ahmed Yahia Al Idrissi, Mubadala CEO and chairman of the GF Board of Administrators, continued: “GF is a strategic asset for the world-wide semiconductor industry and our shareholder. We will keep on to invest to differentiate and grow the small business and even further consolidate the industry through partnerships, in a way that lets us to superior provide our shoppers.
“Sanjay sent on strategic milestones which established the organization on the suitable path and we would like to thank him for his major contributions. Tom, with his 25-calendar year keep track of-report of operational excellence and delivering for shoppers, will choose the organization to the subsequent degree of results.”
The 2nd major pure-perform foundry organization, after Taiwan Semiconductor Manufacturing Corporation (TSMC), GlobalFoundries counts AMD, Broadcom, Qualcomm and STMicroelectronics amongst its shoppers.