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Globalfoundries 2011 Sales to Outpace Computer Chip Market CEO Grose Says

Globalfoundries Inc., seeking to become the world’s largest contract manufacturer of computer chips, expects sales to grow more than 15 percent this year and gain on industry leader Taiwan Semiconductor Manufacturing Co.

January 24, 2011

Sales will rise to at least $4 billion this year from about $3.5 billion in 2010, Chief Executive Officer Douglas Grose said in an interview today in Tokyo. Sales growth at the closely held company, the world’s third largest foundry, will outpace a market expected to expand between 11 percent and 15 percent.

Last Updated: 01/22/2014