Analyst: yield drove Globalfoundries change

Peter Clarke, EETimes
6/21/2011 7:28 AM EDT

LONDON – Management changes recently announced at Globalfoundries Inc. are related to problems with 32-nm chip yield and the slowness of creating a foundry-like operation at Globalfoundries' Dresden facility in Germany, according to analysts at Nomura Equity Research.

Globalfoundries announced June 16 that Doug Grose, CEO and Chia Song Hwee, COO, would be stepping down from their posts and the appointment of Ajit Manocha as interim CEO. Globalfoundries itself cited "demands from customers for more capacity, faster technology development and greater agility," in its press release.

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