LONDON – Globalfoundries Inc. and its majority shareholder, the Abu Dhabi controlled Advanced Technology Investment Co. (ATIC), have announced Ajit Manocha has been appointed interim CEO. The move is part of a leadership change that sees James Norling becoming executive chairman of the board and Ibrahim Ajami, CEO of ATIC, appointed vice chairman. All appointments are effective immediately.
Foundry chipmaker Globalfoundries (Sunnyvale, Calif.) said it has put a new leadership team in place to meet demands from customers for more capacity, faster technology development and greater agility. The move is also part of a plan to spend $6 billion on technology, talent and manufacturing capacity over the next 18 months, the company said.
Manocha, who has been working as a consultant to ATIC, replaces Doug Grose, who has served as CEO since the formation of Globalfoundries. Grose will become a senior advisor to company focused on the delivery of next-generation technologies, Globalfoundries said.
Chia Song Hwee, chief operating officer, will leave the company in August 2011 to become "part of Singapore's business future," Globalfoundries said.
"Under this new leadership team, investment in Globalfoundries will double over the next 18 months," said Ajami, in a statement. A company spokesman added that Globalfoundries'technology roadmap remains "on track" as evidenced by the partnership with AMD on the Llano Fusion processor, which is made by Globalfoundries in a 32-nm high-K metal-gate manufacturing process.