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Ex-Motorola CEO Jha appointed chief of GlobalFoundries

07
Jan
2014

(Reuters) – Contract chipmaker GlobalFoundries Inc has appointed former Motorola Mobility chief Sanjay Jha as CEO, as it prepares to invest $9 billion to $10 billion over the next two years on next-generation semiconductor manufacturing. Jha, an industry veteran who presided over Motorola’s sale to Google Inc, replaces Ajit Manocha, who was appointed CEO in mid-2011 but now reverts to serving as an adviser to Abu Dhabi’s Advanced Technology Investment Company, GlobalFoundries’ owner. Some in the industry had speculated that Jha would be tapped to run Intel, a job that ultimately went to Brian Krzanich.

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