GlobalFoundries overhauls its process owner model to drive transformation

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When Brad Clay became chief digital officer of GlobalFoundries in early 2021, he knew his role would be less about technology implementation and more about process change. In 2018, the $8 billion global semiconductor manufacturer announced a pivot in its business strategy: The company would no longer develop and produce 7-nanometer and smaller chip technologies; instead GlobalFoundries would focus on producing specialized chips for high-growth markets such as automotive, 5G, and the internet of things. “When we shifted from commodity contract wafer manufacturing to delivering more value to the…

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