GLOBALFOUNDRIES, a new leading-edge semiconductor foundry formed by a joint venture between AMD and Advanced Technology Investment Company (ATIC), today announced key additions to its management team that bring extensive semiconductor experience to the table. Joining GLOBALFOUNDRIES Chief Executive Officer Doug Grose and Chairman of the Board Hector Ruiz are:

• Jim Doran as senior vice president and general manager of Fab 1, the company's current primary manufacturing facility in Dresden, Germany
• Bruce McDougall as chief financial officer
• Alexie Lee as vice president and general counsel

GLOBALFOUNDRIES, a new leading-edge semiconductor manufacturing company formed by a joint venture between AMD and the Advanced Technology Investment Company (ATIC), today announced its official launch and outlined plans to drive profound change and expand opportunities in the semiconductor industry. GLOBALFOUNDRIES is led by an experienced semiconductor management team, including CEO Doug Grose, formerly senior vice president of manufacturing operations at AMD, and Chairman of the Board Hector Ruiz, formerly executive chairman and chairman of the board at AMD. The Company is the only U.S. based global semiconductor foundry and commences operations with approximately 3,000 employees worldwide with headquarters in Silicon Valley.