The management reshuffle comes at a time when the company has pledged to invest $16 billion partly towards building more manufacturing facilities on American soil amid U.S. President Donald Trump’s push to onshore supply chains.
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The company, unlike leader TSMC, does not largely produce cutting-edge artificial intelligence chips and is spending heavily on upgrading its manufacturing processes to produce more advanced chips for markets such as automotive and smartphones.
Hollister, who joined the company as CFO early last year, is leaving due to
GlobalFoundries finance chief John Hollister departs, Sam Franklin named interim CFO
