With the IBM news today I saw a perfect storm forming. For example the former CEO of Global Foundries, is working for a small photonics company now in an active role, POETF. Makes me think copper is past his glory time. Just like with LWLG, big names taking seats with start-ups.
If feels a bit like the telephone booths (globalfoundries) and how the early visionaries saw that the mobile phones (POETF,LWLG) in time will make them valueless.
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Ajit Manocha – Executive Vice Chairman (former CEO of Global Foundries - (my italics))
Mr. Manocha has over 35 years of experience in the semiconductor industry with deep knowledge of semiconductor technology and operations. He has worked in all aspects of the business from Research, to Applied Development, to Manufacturing, to worldwide sales to Global Supply Chain & IT, and his most recent role has been as CEO of GlobalFoundries (multi Billion US$ revenue). He has wealth of experience by working in companies like AT&T, Bell Labs/Microelectronics, Philips Semiconductors (now known as NXP), Spansion, and GlobalFoundries. He has managed at various executive levels and successfully led very small organizations with <15 people to very large organizations with well over 25,000 people. Having worked in three continents (Asia, Europe and North America), he has deep knowledge of diversity and various countries’ cultures. He has led more than 20 M&As successfully. He has also served on various boards as director and chairman. He is currently representing GlobalFoundries on the Semiconductor Industry Association Board and also serving on the U.S. Presidential Committee for Advanced Manufacturing Partnership.
He is well established in the industry and known as a visionary, thoughtful leader and has strong credibility with customers. He has a passion for people to lead businesses and grow shareholders’ value. He is often labeled as “Mr. FIX IT” – His most recent achievement was to very successfully turnaround GlobalFoundries (which was economically challenged in 2011) within 2+ years. GlobalFoundries under Mr. Manocha’s watch gained significantly higher revenue (2nd ranking) with the development of several new tier-1 customers.
