Ex-Motorola chief Sanjay Jha appointed GlobalFoundries CEO
posted by Victor H. / Jan 07, 2014, 9:09 AM
Sanjay Jha, the former Motorola chief executive officer, who oversaw the acquisition of the company by search giant Google, has been named CEO of GlobalFoundries. Jha, who previously also served as COO of Qualcomm, will replace Ajit Manocha at the CEO role.
Jha managed to negotiate what’s widely seen as a hugely profitable $12.5 billion acquisition of Motorola by Google, and he also served as chief executive during the split of Motorola into Motorola Mobility and Motorola Solutions.
"Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value," GlobalFoundries' vice chairman Ibrahim Ajami said. "His industry background and experience as a foundry customer will position GlobalFoundries for continued growth."
GlobalFoundries is a California-based chip foundry, making silicon for some of the top chip makers like AMD, Qualcomm, and Broadcom. Founded in a divestiture of AMD, it has three 300mm fabs (one in Singapore, one in Germany and a new one in New York) and four 200mm fabs (all in Singapore). GlobalFoundries is largely owned by the Emirate of Abu Dhabi.
"I am thrilled to have the opportunity to lead a company with such a strong track record in an industry that I know and love," Jha said. "I look forward to working closely with Ajit during the transition and with a very talented global team to continue to make our customers successful."
GLOBALFOUNDRIES Announces New Chief Executive to Lead Next Phase of Growth Sanjay Jha appointed by GLOBALFOUNDRIES Board to lead company SANTA CLARA, Calif., Jan 06, 2014 (BUSINESS WIRE) -- Building on the successful track record of its first five years in the semiconductor industry and its continued commitment to build out its global network of manufacturing facilities, GLOBALFOUNDRIES announced today, from its new offices in Silicon Valley, Sanjay Jhahas been appointed as the company's new Chief Executive Officer. Jha has served as CEO of Motorola Mobility Inc. and as the COO of Qualcomm Inc. Ajit Manocha, who served as an advisor to the company's shareholder prior to being appointed CEO of GLOBALFOUNDRIES in mid-2011, will return to that role and will work closely with Jha on his transition. "Ajit has played an instrumental role in making GLOBALFOUNDRIES the second largest foundry in the world, delivering on customer relationships, technology leadership and operational excellence," said Ibrahim Ajami, Vice Chairman of the GLOBALFOUNDRIES Board. "Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value. His industry background and experience as a foundry customer will position GLOBALFOUNDRIES for continued growth." "This has been an incredible journey and our success thus far has been a testament to our ability to partner with leading customers in the industry. I am confident that I am leaving GLOBALFOUNDRIES in a position of strength and that Sanjay will take this company to new horizons," said Manocha. Jha will lead the company's build out and ramp of its Fab 8 leading-edge facility in Malta, New York, supporting customers at the 14 nm technology node. GLOBALFOUNDRIES will also continue its upgrade of facilities in Singapore and Germany, which serve multiple customers across a spectrum of technologies. "I am thrilled to have the opportunity to lead a company with such a strong track record in an industry that I know and love. I look forward to working closely with Ajit during the transition and with a very talented global team to continue to make our customers successful," said Jha.
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