Through the end of May 2011, ATIC had invested over $6 billion, to acquire the former manufacturing assets of Advanced Micro Devices Inc. in Dresden, Germany ($2.1 billion in March 2009) and the assets of Chartered Semiconductor Manufacturing of Singapore ($3.1 billion in December 2009) as well as an estimated $1 billion to construct a new fabrication facility in upstate New York. Through the end of 2012, ATIC will invest another approximately $6 billion in manufacturing capacity in Dresden, Singapore and New York with initial construction to begin in Abu Dhabi.
"Doug Grose and Chia Song Hwee formed the foundation of Globalfoundries, bringing together the world's leading-edge manufacturing technology with the heritage of a full-service foundry partner," said Norling. "This new leadership team will build on that foundation, as we increase investment in technology, capacity and talent while optimizing performance."
Norling said an executive search for a permanent CEO has begun.
Manocha has more than 30 years of global expertise in operations, general management, and manufacturing. Having recently served as an advisor to ATIC, Manocha was previously executive vice president of worldwide operations at Spansion. Prior to Spansion, he was executive vice president and chief manufacturing officer at NXP and Philips Semiconductors. Prior to that Manocha held senior executive and management positions at AT&T Microelectronics and AT&T Bell Laboratories, and began his career as a research scientist.
Norling is the former chairman of Chartered Semiconductor and held various positions at Motorola Inc. between 1965 and 2000. Ajami has been CEO of ATIC since November 2008. He joined ATIC from Mubadala Development Company, where he led an initial investment in AMD in 2007. Prior to Mubadala, he held several positions in Silicon Valley.
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