Dec 10 (Reuters) – GlobalFoundries on Wednesday appointed Sam Franklin as its chief financial officer, succeeding David Reeder, who stepped down earlier this year.
Franklin, interim CFO since October, previously served as senior vice president of business finance and operations and investor relations at GlobalFoundries.
Prior to joining GlobalFoundries in 2022, Franklin held senior finance roles at Mubadala Investment Company, MUFG Bank and Barclays.
Franklin’s leadership will help the company “capitalize on significant opportunities ahead” as demand for semiconductors accelerates with the rise of artificial intelligence, said CEO Tim Breen.
GlobalFoundries has been investing in differentiated technologies to support AI workloads from data centers.
One of the few large foundries with significant capacity outside China and Taiwan, GlobalFoundries makes chips for companies including Advanced Micro Devices, Qualcomm and NXP Semiconductors. It runs chip plants in Germany, Singapore, New York, and Vermont.
Last month, the company had forecast fourth-quarter revenue of $1.80 billion, plus or minus $25 million, a touch above estimates of $1.79 billion, according to data compiled by LSEG.
(Reporting by Kritika Lamba in Bengaluru; Editing by Maju Samuel)
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