GlobalFoundries Hires Mobile-Industry Veteran Sanjay Jha as CEO
GlobalFoundries Inc., the contract chip manufacturer whose clients include Advanced Micro Devices Inc. and Qualcomm Inc. (QCOM), hired former Motorola executive Sanjay Jha as chief executive officer.
Jha was CEO of Motorola Mobility Inc., which was bought by Google Inc. in 2012, and previously served as Qualcomm’s chief operating officer. Ajit Manocha will return to an advisory role at GlobalFoundries after serving as CEO since 2011, the company said in a statement yesterday.
GlobalFoundries makes chips for manufacturers that are seeking to branch out as consumers increasingly use smartphones and tablets to check e-mail, browse the Web and shop online instead of relying on personal computers. GlobalFoundries, owned by Abu Dhabi-based Mubadala Development Co., said it’s spending an additional $9 billion to $10 billion on plants and equipment over the next two years to boost its capacity.
“Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value,” Ibrahim Ajami, vice chairman of the GlobalFoundries board, said in the statement. “His industry background and experience as a foundry customer will position GlobalFoundries for continued growth.”
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