Globalfoundries CEO says company is back on track

Sylvie Barak, EETimes
1/27/2012 1:50 PM EST

MOUNTAIN VIEW, Calif.--Globalfoundries CEO Ajit Manocha has praised his firm for what he called a “remarkable quarter” in Q411, and promised that the foundry was on track to “keep the momentum going,” after a year plagued with difficulties and setbacks.

Globalfoundries' new fab in upstate New York is due to start ramping imminently, he said, with 20-nm expected to be introduced in June. The company has said it expects to spend more than $3 billion in capital expenditures this year.

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