Ex-Motorola CEO Jha appointed chief of GlobalFoundries
(Reuters) - Contract chipmaker GlobalFoundries Inc has appointed former Motorola Mobility chief Sanjay Jha as CEO, as it prepares to invest $9 billion to $10 billion over the next two years on next-generation semiconductor manufacturing.
Jha, an industry veteran who presided over Motorola's sale to Google Inc (GOOG.O), replaces Ajit Manocha, who was appointed CEO in mid-2011 but now reverts to serving as an adviser to Abu Dhabi's Advanced Technology Investment Company, GlobalFoundries' owner.
Some in the industry had speculated that Jha would be tapped to run Intel (INTC.O), a job that ultimately went to Brian Krzanich. At GlobalFoundries, Jha will spearhead the chip company's build-out of a leading-edge facility in Malta, New York, plus upgrades to facilities in Singapore and Germany.
GlobalFoundries competes against leading contract chipmaker Taiwan Semiconductor Manufacturing Co (2330.TW), which is also investing heavily in technology to make smaller and costlier integrated circuits.
Growth has slowed for the global semiconductor industry as PC sales sputter and consumers switch to mobile devices. But ATIC executives say contract chip manufacturers will continue to grow at a double-digit pace as more firms outsource production.
(Editing by Leslie Adler)
- Tweet this
- Share this
- Digg this
- UPDATE 4-Korea ferry businessman's body found next to book, alcohol bottles
- UPDATE 2-China's Xiaomi hopes Mi 4 smartphone can take on Apple
- Italy gives Google 18 months to change data use practices
- China's Xiaomi hopes Mi 4 smartphone can take on Apple
- India to probe corruption in healthcare after TV sting
Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing sources. Full Article