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GlobalFoundries Appoints New CFO Amid AI Boom
11 Dec
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 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.
