New ceo for Globalfoundries

Globalfoundries has appointed former Motorola Mobility ceo Sanjay Jha as its chief executive.

Jha, who has also served as coo at Qualcomm, is set to lead the company's build out and ramp up of its Fab 8 facility in Malta, New York, supporting customers at the 14nm node. Globalfoundries vice chairman Ibrahim Ajami, said: "Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value, "His industry background and experience as a foundry customer will position Globalfoundries for continued growth."