Newly-launched global semiconductor foundry company adds to world-class management team

SUNNYVALE, Calif.--(BUSINESS WIRE)--GLOBALFOUNDRIES, a new leading-edge semiconductor foundry company formed by a joint venture between AMD [NYSE: AMD] and Advanced Technology Investment Company (ATIC), today announced key additions to its management team that bring extensive semiconductor experience to the table.

Joining GLOBALFOUNDRIES Chief Executive Officer Doug Grose and Chairman of the Board Hector Ruiz are:

• Jim Doran as senior vice president and general manager of Fab 1, the company’s current primary manufacturing facility in Dresden, Germany
• Bruce McDougall as chief financial officer
• Alexie Lee as vice president and general counsel

“As our name implies, we’re building a global company that is world class in every respect, from our ownership structure to our technology and physical presence to our management team,” said Doug Grose, chief executive officer of GLOBALFOUNDRIES. “The additions to our team that we’re announcing today represent just that – a global perspective coupled with a wealth of industry experience. The caliber of our people underscores the depth of our commitment to raise the bar in foundry services, creating a climate for innovation across the semiconductor industry.”

Jim Doran joins GLOBALFOUNDRIES after serving as chief operating officer at Spansion. Jim previously held a variety of technical and management positions at AMD, including that of vice president and general manager of AMD Saxony from 1999-2001, which he helped build into AMD’s flagship Dresden manufacturing facility, now the cornerstone of GLOBALFOUNDRIES’ operations. Jim’s 30-year-plus experience in the semiconductor industry includes earlier positions with Stewart Warner, Signetics, Intersil, Intel and Paradigm Technology. Jim holds a Bachelors degree in Physics from Northwestern University and a Masters in Physics from the University of Wisconsin.

Bruce McDougall brings a successful track record in managing multi-billion dollar expenditures to GLOBALFOUNDRIES. Bruce most recently served as chief financial officer of EMAL, a US $7 billion joint greenfield aluminum smelting and power plant project under construction in the UAE in partnership with the Mubadala Development Company. Bruce joined EMAL after an extensive history of management positions in the mining and power generation industry leading functions including treasury, finance, risk management and business improvement. McDougall is a CPA, holding a Bachelor of Business degree.

Alexie Lee most recently served as vice president, general counsel and secretary of Hitachi Global Storage Technologies, managing a worldwide legal team with responsibilities that included alliances, intellectual property litigation and corporate social responsibility. Prior to joining Hitachi, Alexie served in a wide range of legal positions at IBM supporting a number of IBM product businesses, and was instrumental in the sale of the IBM Storage Technology Division to Hitachi and the merging of those operations. Lee holds a J.D. from Stanford Law School.

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.

Contacts

GLOBALFOUNDRIES

Communications

Jon Carvill, 512-602-8162

jon.carvill@globalfoundries.com