GLOBALFOUNDRIES CEO Doug Grose to Outline New Model for Innovation

Written by Chris Tom

Thursday, 01 October 2009 12:18

GLOBALFOUNDRIES CEO Doug Grose to Outline New Model for Innovation in Keynote at GSA Emerging Opportunities Expo and Conference Grose Will Highlight the Critical Need for a New Foundry Business Model to Drive Continued Growth and Innovation in the Semiconductor Manufacturing Industry GSA Emerging Opportunities Expo & Conference 2009 SUNNYVALE, Calif.--As the global market for advanced technology continues its endless march forward, the semiconductor foundry industry needs to embrace a new business model to sustain the current pace of innovation, according to Doug Grose, chief executive officer of GLOBALFOUNDRIES. In an October 1 keynote address at the Global Semiconductor Alliance (GSA) Emerging Opportunities Expo & Conference in Santa Clara, Calif., Grose will explore the current approach to semiconductor innovation and how it must evolve and embrace a global model for technology, talent and operations to sustain the leading-edge needs of the world’s largest chip designers. “Whether it’s device convergence in the home or cloud computing in the data center, the next generation of technology will require an unprecedented level of performance, power efficiency and cost-effectiveness to deliver on its full potential,” Grose said. “At the same time, leading-edge process technology is becoming increasingly cost-intensive, and design companies are developing chips with staggering complexity. This confluence of factors is leading us toward a new model where chip design companies must redefine relationships with their manufacturing and technology partners to pool resources in order to capitalize on these inflection points.” As CEO of GLOBALFOUNDRIES, Grose defines the vision and global business strategy of the company as it charts new ground in leading-edge semiconductor manufacturing innovation. Prior to joining GLOBALFOUNDRIES, he served as senior vice president of technology development, manufacturing and supply chain for Advanced Micro Devices, Inc. (AMD). In this role, he managed AMD’s global manufacturing and process technology operations, including AMD fabrication facilities, AMD foundry relationships and AMD’s global supply chain. Prior to joining AMD in 2007, Grose spent 25 years at IBM as general manager of technology development and manufacturing for the systems and technology group. Before joining IBM, Grose was an executive vice president and chief operating officer of Nanotech Resources, Inc. He holds a doctorate in materials engineering and master’s degrees in business administration and science. ABOUT GLOBALFOUNDRIES GLOBALFOUNDRIES is the world’s first truly global leading-edge semiconductor manufacturing company. Launched in March 2009 through a partnership between AMD [NYSE: AMD] and the Advanced Technology Investment Company (ATIC), GLOBALFOUNDRIES provides a unique combination of leading-edge technology, manufacturing excellence and global operations. GLOBALFOUNDRIES is headquartered in Silicon Valley with facilities in Austin, Dresden and New York. For more information on GLOBALFOUNDRIES, visit www.globalfoundries.com CAUTIONARY STATEMENT This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include, without limitation, statements regarding the company's current expectations, assumptions, assessments, anticipations, objectives, plans, hopes, beliefs, intentions or strategies regarding the future. These forward-looking statements therefore are subject to risks and uncertainties which could cause actual results to differ materially. Some factors which contribute to these risks and uncertainties include the economic conditions both in the United States and around the world; the difficulties in developing new customers; the demand and supply outlook in the overall semiconductor / foundry industry; the sourcing strategy of potential customer base; competitor actions; the success of company technology alliances; construction progress on additional manufacturing facilities as well as associated governmental processes; the availability of components and equipment; labor and employment issues at manufacturing facilities; the progression of advances in technology and processes; and unforeseen events. The company has no duty to update any forward-looking statements in this release based on new information or events.