GLOBALFOUNDRIES CEO Doug Grose To Outline New Model for Innovation in Keynote at GSA Emerging Opportunities Expo and Conference

Grose will highlight the critical need for a new foundry business model to drive continued growth and innovation in the semiconductor manufacturing industry

SUNNYVALE, CA - September 30, 2009 - As the global market for advanced technology continues its endless march forward, the semiconductor foundry industry needs to embrace a new business model to sustain the current pace of innovation, according to Doug Grose, chief executive officer of GLOBALFOUNDRIES. In an October 1 keynote address at the Global Semiconductor Alliance (GSA) Emerging Opportunities Expo & Conference in Santa Clara, Calif., Grose will explore the current approach to semiconductor innovation and how it must evolve and embrace a global model for technology, talent and operations to sustain the leading-edge needs of the world's largest chip designers.

"Whether it's device convergence in the home or cloud computing in the data center, the next generation of technology will require an unprecedented level of performance, power efficiency and cost-effectiveness to deliver on its full potential," Grose said. "At the same time, leading-edge process technology is becoming increasingly cost-intensive, and design companies are developing chips with staggering complexity. This confluence of factors is leading us toward a new model where chip design companies must redefine relationships with their manufacturing and technology partners to pool resources in order to capitalize on these inflection points."

As CEO of GLOBALFOUNDRIES, Grose defines the vision and global business strategy of the company as it charts new ground in leading-edge semiconductor manufacturing innovation. Prior to joining GLOBALFOUNDRIES, he served as senior vice president of technology development, manufacturing and supply chain for Advanced Micro Devices, Inc. (AMD). In this role, he managed AMD's global manufacturing and process technology operations, including AMD fabrication facilities, AMD foundry relationships and AMD's global supply chain. Prior to joining AMD in 2007, Grose spent 25 years at IBM as general manager of technology development and manufacturing for the systems and technology group. Before joining IBM, Grose was an executive vice president and chief operating officer of Nanotech Resources, Inc. He holds a doctorate in materials engineering and master's degrees in business administration and science.

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.