Who is the new Chief Financial Officer at GlobalFoundries?

Sam Franklin has been appointed as the new Chief Financial Officer at GlobalFoundries.

How is GlobalFoundries preparing for the AI boom?

GlobalFoundries is investing in differentiated chip technologies to support AI workloads from data centers and capitalize on accelerating semiconductor demand.

Where does GlobalFoundries operate its chip plants?

GlobalFoundries operates chip plants in Germany, Singapore, New York, and Vermont.

Home / Business and Economy / GlobalFoundries Appoints New CFO Amid AI Boom

GlobalFoundries Appoints New CFO Amid AI Boom

11 Dec

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Summary

Sam Franklin appointed as new Chief Financial Officer.
Franklin previously held senior finance roles at multiple institutions.
Company is investing in chip technologies for AI workloads.

GlobalFoundries Appoints New CFO Amid AI Boom

GlobalFoundries has announced the appointment of Sam Franklin as its new Chief Financial Officer, effective Wednesday. Franklin steps into the role previously held by David Reeder, who departed earlier this year. Franklin has been an integral part of GlobalFoundries since 2022, serving as interim CFO since October and holding the position of senior vice president of business finance and operations.

Franklin's extensive financial background includes significant roles at Mubadala Investment Company, MUFG Bank, and Barclays. CEO Tim Breen expressed confidence that Franklin's leadership will enable the company to seize upcoming opportunities, especially as the demand for semiconductors surges with the growth of artificial intelligence.

The semiconductor firm is strategically investing in advanced, differentiated technologies to cater to AI workloads originating from data centers. As one of the few major foundries with substantial production capacity outside of China and Taiwan, GlobalFoundries serves prominent companies like Advanced Micro Devices, Qualcomm, and NXP Semiconductors across its global manufacturing sites.