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Ajit Manocha confirmed as GlobalFoundries CEO

Manocha to head operations at chip manufacturer

GlobalFoundries is currently building production capacity at its Fabs in Germany, the US and Singapore.
GlobalFoundries is currently building production capacity at its Fabs in Germany, the US and Singapore.

GlobalFoundries has announced that Ajit Manocha has become CEO of the chip manufacturer, after serving as interim CEO since June.

Manocha, who has previously held roles with Spansion, Philips Semiconductors, AT&T Microelectronics and AT&T Bell Laboratories, will be tasked with improving operations, increasing customer engagement, and laying the groundwork for technology leadership in the future, the company said in a statement.

"The Board worked diligently to review and interview a number of outstanding candidates who had excellent qualifications to become our CEO," said Jim Norling, chairman of the GlobalFoundries Board of Directors. "We were excited to see the calibre 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."

Ibrahim Ajami, vice chairman of the Board and CEO of Abu Dhabi-owned ATIC, the majority shareholder in GlobalFoundries added: "Ajit's efforts over the last four months - his passion, his energy, his leadership skills and his ability to help drive the business and its operations to a new level - make him the right person to lead GlobalFoundries forward. With Ajit's confirmation, ATIC remains committed to ensuring that GlobalFoundries becomes an industry-changing platform of innovation, customers' preferred choice, and the leading semiconductor foundry in the world."

GlobalFoundries is currently in the process of building new capacity at its fabs in Germany, New York and Singapore. The company is also 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.

Manocha commented: "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."