In last 6 months Globalfoundries (GloFlo) hired some top execs from IBM, Qualcomm and AMD. Around same time Ajit Manocha has joined POET Tech. and 6 months before that he left Globalfoundries. I'm just saying :)

Some rumor befor Ajit Manocha left GloFlo: [12/13/13] Rumor is almost all of the GlobalFoundries marketing people have been laid off -- even some old guard Chartered Semi guys have been cut. Speculation is Ajit Manocha, CEO of GloFlo, is unhappy with how empty his fabs are since the AMD deal dried up, so he's going "back to the fundamentals" where GF is now only focused on the Big 4 companies of chip design -- Synopsys, Cadence, Mentor, and ARM. This means GF will be ignoring all the remaining lessor EDA and IP companies. Heck, it's even rumored GF is skipping the next DAC!

http://www.deepchip.com/items/0528-10.html

Ajit Manocha steps down as CEO of GloFlo: January 6, 2014 -- Building on the successful track record of its first five years in the semiconductor industry and its continued commitment to build out its global network of manufacturing facilities,GLOBALFOUNDRIESannounced today, from its new offices in Silicon Valley, Sanjay Jha has been appointed as the company's new Chief Executive Officer. Jha has served as CEO of Motorola Mobility Inc. and as the COO of Qualcomm Inc.

Ajit Manocha, who served as an advisor to the company's shareholder prior to being appointed CEO of GLOBALFOUNDRIES in mid-2011, will return to that role and will work closely with Jha on his transition.

"Ajit has played an instrumental role in making GLOBALFOUNDRIES the second largest foundry in the world, delivering on customer relationships, technology leadership and operational excellence," said Ibrahim Ajami, Vice Chairman of the GLOBALFOUNDRIES Board. "Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value. His industry background and experience as a foundry customer will position GLOBALFOUNDRIES for continued growth."

http://www.globalfoundries.com/newsroom/press-releases/2014/02/13/globalfoundries-announces-new-chief-executive-to-lead-next-phase-of-growth

From GloFlo to POET: 7 July 2014 - Ajit Manocha has joined the board as executive vice chairman. He will help in determining the strategic direction of the firm, and work with the executive chairman & interim CEO in carrying out actions to support that strategic direction, specifically including: mergers and acquisitions (M&A) and related transitions; joint ventures, collaborations, partnerships and other industry relationships; assistance in capital raises; and identification and installation of a permanent CEO.

Manocha was most recently CEO of the world’s second-largest semiconductor foundry GlobalFoundries - formerly the manufacturing arm of Advanced Micro Devices (AMD), and expanded via the acquisition of Chartered Semiconductor – which produces integrated circuits in high volume for semiconductor companies such as AMD, Apple, Broadcom, Qualcomm, Samsung and STMicroelectronics. Globally, it owns five 200mm fabrication plants and three 300mm fabrication plants (including a new 300mm plant in New York). Manocha continues in a role as advisor with GlobalFoundries.

http://www.semiconductor-today.com/news_items/2014/JUL/POET_070714.shtml

From IBM to GloFlo: July 24, 2014 - The hires were announced by Tom Caulfield, Global's senior vice president and general manager of Fab 8, himself a former IBMer. The hires were Mark Dougherty, who comes from the East Fishkill site where he worked on unit process development; George Jordhamo, who worked on radio frequency and silicon germanium chip specialty products; and Debra Leach Riell, who has been director of IBM's microelectronics production procurement. Riell's LinkedIn page identifies her as a Dutchess resident. Jordhamo has connections both at East Fishkill and Burlington.

http://www.poughkeepsiejournal.com/story/money/companies/ibm/2014/07/23/globalfoundries-hires-ibm-talent/13063953/

From QUALCOMM to GloFlo: AUGUST 4, 2014 - One of Qualcomm’s most senior and pivotal employees has been snatched up by the fab company Globalfoundries after spending 12 years with the company. Bill Davidsonhas been a investor relations and global marketing executive at Qualcomm for the past seven years, last assuming the role of SVP of Qualcomm Investor Relations, SVP of Strategy and Operations for Global Market Devlepment-QTI. QTI is Qualcomm’s biggest business unit, accounting for almost all of the company’s non-licensing revenues and profit.

http://www.brightsideofnews.com/2014/08/04/qualcomms-bill-davidson-goes-globalfoundries/

From AMD to GloFlo: Friday, 28 November 2014 - We heard that one high profile AMD veteran transferred to GlobalFoundries and we got a crash course on why this is a good thing. John Docherty is now Senior Vice President, Global Operations, at GlobalFoundries and since he had a similar role at AMD, he should do well in this new position. John is an ex-ATI chap, he worked as a Senior Vice President Operations at ATI and in AMD he was doing the same thing - he was Senior Vice President, Manufacturing Operations. To put things in perspective, Mr. Docherty has hands on experience in both GPU manufacturing and CPU manufacturing, which is not the case with most executives.

http://www.fudzilla.com/home/item/36433-globalfoundries-got-ex-amd-svp-of-operations

cheers