Globalfoundries' CEO decides to step down

March 13, 2018 //By Peter Clarke
Globalfoundries' CEO decides to step down
Sanjay Jha, who has served for more than four years as CEO of Globalfoundries Inc., is stepping down from the job in favour of Thomas Caulfield, a senior vice president of the company who joined in 2014.

In the future Jha intends to work closely with the Abu Dhabi state-owned holding company Mubadala Investment Company that is the parent to Globalfoundries. Jha will explore the development and build out of potential future systems businesses, Globalfoundries said in a statement.

Jha's successor Caulfield joined Globalfoundries with the acquisition of IBM Microelectronics in 2014 where Caulfield had spent 17 years in a variety of senior leadership roles. In his time at Globalfoundries Caulfield built and ramped the 14nm production facility in Malta, New York state.

Under Jha's leadership Globalfoundries has established itself as the second-largest pure-play foundry behind Taiwan Semiconductor Manufacturing Co.  The company has also established a road-map for its FDSOI-based FDX manufacturing technology and in 2017 announced a partnership with Chengdu region in China where a 300mm wafer fab is set to begin operations in 2019.

That said questions have been raised about its profitability and its ability to gain business at the leading edge where TSMC appears to dominate and Samsung Electronics also wins business.

It was reported that in 2017 Globalfoundries asked the European Union's antitrust regulators to investigate TSMC, accusing the rival foundry of unfair practices such as: demands for exclusivity in contracts, offers of loyalty rebates, the bundling of sales, and threats of restricting access to TSMC's semiconductor production. TSMC is alleged to have discriminated against companies that had supported foundry design flows other than TSMCs.

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