GLOBALFOUNDRIES Appoints Joe Chen as New Sales Head for Greater China

Former Marvell executive brings more than 20 years of semiconductor industry experience to lead sales and drive market share in Asia for the company

Milpitas, Calif., September 10, 2012 – GLOBALFOUNDRIES today announced that Joe Chen has been appointed as the new Vice President of Sales for the Greater China region, joining the company from Marvell Technology, a leading provider of storage, communications and consumer semiconductor products.

In this role, Chen will be responsible for sales in the Greater China region consisting of China and Taiwan. He will build and mentor a top-quality regional sales team, and grow and maintain successful and trusted partnerships with existing and new customers to expand the company’s market share in Asia. Chen reports to Chuck Fox, Senior Vice President of Worldwide Sales at GLOBALFOUNDRIES.

“Joe will play a key role in driving our sales strategy in the growing markets in Asia,” said Fox.”With Joe’s past experience working for fabless semiconductor companies, he brings a great amount of customer knowledge to our foundry’s business and will support us in accelerating our leadership position in the foundry world through sales penetration.”

Prior to joining GLOBALFOUNDRIES, Chen held key senior management positions in Marvell where he was responsible for sales, support and customer service for the company’s business in China. Before Marvell, Chen worked for Amlogic in Shanghai as Vice President for Operations. He also acted as Vice President for Business Development, Sales & Marketing for the company’s Asia operations. Chen started his career with Teradyne in the United States as Product Engineer before moving on to work in applications engineering, sales, marketing and management in US, Taiwan and China regions within the company.

Chen graduated with a Bachelor of Science in Electrical Engineering from California State University, Northridge in 1993, and obtained a Master of Business Administration in International Business Marketing and Strategy from Marshall School of Business, University of Southern California in 2000.

With the appointment of Chen, GLOBALFOUNDRIES also announced the retirement of Bo Cheng who will leave the company on October 31, 2012, after assisting Chen in his transition into the new role.

ABOUT GLOBALFOUNDRIES

GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a truly global footprint. Launched in March 2009, the company has quickly achieved scale as the second largest foundry in the world, providing a unique combination of advanced technology and manufacturing to more than 150 customers. With operations in Singapore, Germany and the United States, GLOBALFOUNDRIES is the only foundry that offers the flexibility and security of manufacturing centers spanning three continents. The company’s three 300mm fabs and five 200mm fabs provide the full range of process technologies from mainstream to the leading edge. This global manufacturing footprint is supported by major facilities for research, development and design enablement located near hubs of semiconductor activity in the United States, Europe and Asia. GLOBALFOUNDRIES is owned by the Advanced Technology Investment Company (ATIC). For more information, visit http://www.globalfoundries.com.