GLOBALFOUNDRIES Names New Vice President and General Manager For Its Dresden Semiconductor Fab

GLOBALFOUNDRIES today announced the appointment of Dr. Rutger Wijburg as vice president and general manager of "Fab 1," the company´s Germany-based semiconductor manufacturing facility, as of October 2011. Wijburg will report to Kay Chai Ang, senior vice president, 300mm fab operations, who has been leading the Dresden fab on an interim basis.

Rutger Wijburg, Vice President and General Manager, GLOBALFOUNDRIES´ Dresden Semiconductor Manufacturing Facility, effective October 2011 (Photo: Business Wire)

Wijburg comes to GLOBALFOUNDRIES from NXP Semiconductors, formerly Philips Semiconductors, where he held executive and senior management positions in worldwide manufacturing, operations and engineering over a 20-plus year career. Most recently, he was senior vice president and general manager of manufacturing operations and worldwide real estate and facilities. He managed multiple wafer fabs on three continents.

"Given his global fab and operations experience, Rutger will be a tremendous asset to GLOBALFOUNDRIES as we continue to transform and accelerate our growth to be the leading global, independent semiconductor manufacturer," said Ajit Manocha, chief executive officer of GLOBALFOUNDRIES. "He has a proven track record of achieving operational excellence and driving technology development. Moreover, he brings to our global team the value-add of the customer perspective with respect to product quality, time-to-market, and time-to-volume."

Wijburg will lead the Dresden fab that has more than 3,000 employees and is in the middle of an intense multi-billion dollar ramp up of manufacturing capacity and technology development that includes a new state-of-the-art, 52,000-square-meter clean room. Fab 1 currently produces wafers based on 45/40-, 32- and 28-nanometer technologies for a diverse global customer base. This makes GLOBALFOUNDRIES an important player of the micro- and nano-electronics clusters of "Silicon Saxony."

The Saxon semiconductor manufacturing facility is part of a worldwide network of GLOBALFOUNDRIES fabs that include plants in Singapore and Saratoga County, New York. In total, the two-year-old company has more than 11,000 employees worldwide.

ABOUT GLOBALFOUNDRIES

GLOBALFOUNDRIES is the world´s first full-service semiconductor foundry with a truly global manufacturing and technology footprint. Launched in March 2009 through a partnership between AMD [NYSE: AMD] and the Advanced Technology Investment Company (ATIC), GLOBALFOUNDRIES provides a unique combination of advanced technology, manufacturing excellence and global operations. With the integration of Chartered Semiconductor in January 2010, GLOBALFOUNDRIES significantly expanded its capacity and ability to provide best-in-class foundry services from mainstream to the leading edge. GLOBALFOUNDRIES is headquartered in Silicon Valley with manufacturing operations in Singapore, Germany, and a new leading-edge fab under construction in Saratoga County, New York. These sites are supported by a global network of R&D, design enablement, and customer support in Singapore, China, Taiwan, Japan, the United States, Germany, and the United Kingdom.

For more information on GLOBALFOUNDRIES, visit http://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.

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