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2011-06-16 08:15:00

DRESDEN, Germany, June 16, 2011 /PRNewswire/ -- As part of a plan to continue significant investments in technology, talent and manufacturing capacity over the next 18 months, the board of directors of GLOBALFOUNDRIES - along with its majority shareholder, the Advanced Technology Investment Company - announced today it has appointed new leadership to run the company. Semiconductor industry veteran Ajit Manocha has been appointed interim Chief Executive Officer of GLOBALFOUNDRIES.