GLOBALFOUNDRIES Appoints New Technology Leader

SUNNYVALE, Calif.--(BUSINESS WIRE)--GLOBALFOUNDRIES, the new leading-edge semiconductor foundry company formed by a joint venture between AMD [NYSE: AMD] and Advanced Technology Investment Company (ATIC), today announced the appointment of Gregg Bartlett as senior vice president of technology and research and development.

“The semiconductor industry is poised to greatly increase its reliance on foundries”

The move underscores GLOBALFOUNDRIES’ commitment to driving innovation in advanced process technology and providing chip designers with the resources to enhance the performance and efficiency of their products.

Bartlett comes to GLOBALFOUNDRIES with 25 years of experience in technical and management positions at Freescale Semiconductor and its predecessor, Motorola’s Semiconductor Products Sector. He succeeds Craig Sander, the R&D leader during the initial launch of GLOBALFOUNDRIES. Sander will now be handling a number of special projects, reporting directly to company CEO Doug Grose.

“Gregg brings a wealth of experience in both the collaborative development of advanced technology and its application to a variety of products,” said Grose, chief executive officer of GLOBALFOUNDRIES. “He also understands what it takes to transition from an internal supply chain to an independent, customer-focused company. Under Gregg’s stewardship, GLOBALFOUNDRIES will work to extend its technology leadership, raising the bar for the entire foundry industry and continuing to push semiconductor technology at the leading edge.”

Bartlett will relocate from Austin to upstate New York, where he will oversee GLOBALFOUNDRIES’ collaborative R&D activities with the IBM Alliance for industry-leading low-power and high-performance semiconductor process technology.

“The semiconductor industry is poised to greatly increase its reliance on foundries,” Bartlett said. “Yet this business model will succeed only if independent foundries can innovate and develop the most advanced technologies. GLOBALFOUNDRIES is just the catalyst to make this happen. For someone passionate about technology and bringing the right people together to move it forward, I can’t think of a better place to be.”

Bartlett most recently served as vice president of design technology at Freescale Semiconductor. His tenure emphasized collaborative R&D efforts, including representation of Freescale in the IBM Alliance and the Crolles 2 Alliance in Europe. He is the board chairman for the Semiconductor Research Corporation and a member of the Semiconductor Industry Association’s Technology Steering Committee, among others. Bartlett holds a B.S. in chemical engineering from Kansas State University.

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.