X-bit Labs reports GlobalFoundries plans to begin operations in its Fab 8 in December 2012. Additionally, the foundry also announced some executive changes.
Globalfoundries, one of the largest contract makers of semiconductors in the world, has said that its Fab 8 will commence operations a year from now and the company will continue to expand production capacities of existing factories. In addition, Globalfoundries has announced new executives changes.
Ajit Manocha, chief executive officer of Globalfoundries, on Tuesday affirmed the company’s intent to significantly ramp capacity in Germany, the U.S. and Singapore, with additional investments in all three facilities in 2012 to serve customers in both mainstream and leading-edge capabilities. Fab 8 in Malta, New York, continues to install new tools and begins operations in December 2012. Currently employing about 1000 people at the site, Fab 8 will have some 1500 employees with an annual payroll of approximately $190 million by the end of 2012.