SEOUL — Mike Noonen has resigned from his position as the executive vice president at GlobalFoundries, EE Times has learned. Noonen was responsible for global products, design, sales, and marketing at the world's second largest foundry -- owned by The Emirate of Abu Dhabi.
GlobalFoundries' spokesman acknowledged Noonen's resignation and said that he left the company about two weeks ago.
Meanwhile, Chuck Fox, senior vice president of worldwide sales, "will lead our global sales, marketing and quality organization on an interim basis," added the spokesman.
Responding to EE Times' query, Noonen himself sent an email to this reporter last Friday (Oct. 4), in which he wrote:
As you know, I have made a specialty of being a 'turnaround guy'... and I think GlobalFoundries is well on its way... So I decided it was time for me to move on to a new challenge.
Noonen joined Globalsources in early 2012. In his LinkedIn page, he claims that he joined the company "to help turn around the company by leading sales and building a marketing organization."
This, of course, begs the question: Within Noonen's less-than-two-year tenure, how big was GlobalFoundries' turn?
According to IC Insights latest top-20 semiconductor supplier ranking, GlobalFoundries edged up from 15th in 2012 to 12th place during the first half of this year. Compared to a year ago, GlobalFoundries' sales grew by 10 percent.
Certainly, this is a respectable record. But during the same period, sales for Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest foundry and GlobalFoundries'competitor, grew by 23 percent.
In his e-mail, Noonen also wrote:
I am very proud of what we have accomplished since I joined GlobalFoundries two years ago. I am also proud to have steered GlobalFoundries to a new strategy to become a profitable leader, redefining the leading edge, and bringing cost-effectiveness back to Moore's Law.
For the immediate future, Noonen said he plans to "go back to advising and board participation," which he said wasn't possible given GF's role in the industry.
Noonen also stressed that he will "always be a supporter of GlobalFoundries, its strategy and its people."
Prior to joining GlobalFoundries in 2012, Noonen spent three years at NXP Semiconductors. He was recruited by private equity sponsors to rebuild NXP's sales and marketing operation after NXP was spun out of Philips. Noonen, in collaboration with NXP's CTO, laid out NXP's high performance mixed-signal strategy.
-- Additional reporting by Rick Merritt