GLOBALFOUNDRIES CEO Appointed to GSA Board of Directors

Ajit Manocha to Represent Foundry Director Position

SAN JOSE, Calif. (March 12, 2012) – The Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry, today announces the appointment of Ajit Manocha, chief executive officer of GLOBALFOUNDRIES, to its board of directors.

GSA’s board is comprised of industry executives who are representative of the global regions in which GSA holds active memberships. In his new position, Manocha will represent one of the foundry director positions.

“I am honored to serve on GSA’s Board of Directors,” said Manocha. “It is my privilege to represent the foundry segment and to further GSA’s mission to promote collaboration throughout the semiconductor ecosystem.”

In 2011, Manocha was appointed chief executive officer of GLOBALFOUNDRIES, the world’s first full-service semiconductor foundry with a truly global footprint. Manocha has strong executive experience in the semiconductor industry, most recently as executive vice president of worldwide operations and a member of the executive management board at Spansion. In that role, Manocha managed global integrated circuit manufacturing, supply chain management and purchasing for its semiconductor division. Manocha also served as an advisor to the Advanced Technology Investment Corporation (ATIC), GLOBALFOUNDRIES' majority investor.

Earlier Manocha was executive vice president and chief manufacturing officer at NXP Semiconductors (formerly Philips Semiconductors). Manocha has also worked at AT&T Microelectronics and AT&T Bell Laboratories.

“We are pleased to have GLOBALFOUNDRIES represented on our Board and look forward to the insight Ajit Manocha’s participation will provide,” said Jodi Shelton, co-founder and president of GSA. “His leadership and expertise in representing the foundry industry ensures that we have a board that reflects the composition of the complete global supply chain. His experience will help guide us to address the challenges within the supply chain.”

About GSA:

The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe.