Ex-Motorola chief Sanjay Jha appointed GlobalFoundries CEO

Ex-Motorola chief Sanjay Jha appointed GlobalFoundries CEO
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."

source: GlobalFoundries via CNET

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