Tuesday, March 13, 2018
GlobalFoundries Chief Executive Officer Sanjay Jha is stepping down and handing the role to Senior Vice President Thomas Caulfield, the company announced late Saturday.
Jha served in the top leadership position for a pivotal four years, helping GlobalFoundries establish itself as the “industry’s second-largest pure-play foundry company,” the company said.
The company acquired IBM’s microelectronics business in 2015 as well as its East Fishkill chip manufacturing plant, and in February 2017 announced plans to open chip-manufacturing “fabs” to Germany, China and Singapore.
Jha said it has “been an incredible four years.
“We have transformed GF into a trusted, reliable foundry for our global customer base," he said. "Tom Caulfield is the right person to build on this record of success and strengthen GF’s position as a leading foundry partner to the semiconductor industry.”
“I am honored to be given this chance to lead GF at such an exciting time at the company and in our industry," said Caulfield, who spent 17 years at IBM and joined GlobalFoundries in 2014. “With exciting new customers coming into the market, we have the unique technology portfolio and executional track record to reset the competitive playing field in the rapidly growing foundry segment.”
Caulfield played a key role in building and leading GlobalFoundries’ Fab 8 production facility in Saratoga County, the “most advanced foundry facility and one of the largest public-private partnerships in the United States,” according to the company.
Jha plans to “work closely with the company’s shareholder, Mubadala Investment Co.,” to explore future development, GlobalFoundries said.
The company began offering voluntary retirement incentives to some employees in April and, in May, laid off dozens of workers at its chip-manufacturing plant in East Fishkill.
In September, National Resources announced it acquired 300 acres of the East Fishkill site with plans to redevelop the area with retail, hotel and residential options.
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