The World’s Fastest Growing Semiconductor Company

By Mike Noonen

In the midst of an unstable world economy and an industry that is best known for its volatility, the foundry sector continues to present strong market opportunities. Thanks in large part to the continued success of the fabless business model, analysts have been predicting growth in foundry to significantly outpace the rest of the semiconductor industry as a whole.

Late last week a new study by IC Insights confirmed this trend in a big way. The firm released its projections for the top 20 leading semiconductor suppliers in 2012, and the list saw three pure-play foundries in the mix. Combined, these foundries are forecast to log a 16% increase in year-on-year sales from 2011 to 2012, which is “quite impressive considering the expected 2% decline in the worldwide semiconductor market this year,” according to IC Insights. The firm predicts strong demand over the next few years, buoyed by continued growth of fabless companies as well as the strong movement by many Integrated Device Manufacturers (IDMs) to the fab-lite business model.

This year’s study is especially significant for GLOBALFOUNDRIES. We jumped six spots to break into the top 20 for the first time, and IC Insights projects our revenue to grow 31% over 2011, which would make us the fastest growing semiconductor company in the world! IC Insights attributes this growth to our strong performance in 2012:

[I]t is obvious that GLOBALFOUNDRIES’ current spike in revenue is being driven mostly by its success in attracting new IC foundry customers . . . .  As a result of its excellent performance this year, GLOBALFOUNDRIES is forecast to replace Elpida and move into the top 20 ranking for the first time, rising from the 21st spot in 2011 to 15th place in 2012.

We could not be more pleased to see industry watchers recognizing the transformation that has taken place at GLOBALFOUNDRIES. But while we pause for a moment to celebrate, we still have much work to do to continue this momentum and execute for our customers.

Mike Noonen is Executive Vice President, Worldwide Marketing and Sales, for GLOBALFOUNDRIES. In this role, he is responsible for global customer relationships as well as all marketing, sales, customer engineering and quality functions.

4 thoughts on “The World’s Fastest Growing Semiconductor Company

  1. Its awesome to see and be a part of the transformation taking place in the poles. Specifically as it relates to the unlimited capabilities and partnership between IBM and Global Foundries, our team is excited to be assisting with 2013 and 2014 goals. Congratulations !

  2. Pingback: GLOBALFOUNDRIES Seeking Qualified Semiconductor Professionals in Big D | Welcome to the GLOBALFOUNDRIES Foundry Files Blog

  3. Pingback: GlobalFoundries to hold invite-only recruitment summit in Dallas for N.Y. plant | Knickerbocker Ledger

  4. this all sounds exciting and hopefully the endeavor can be transposed to other areas of tthe unite states. specifically speaking Birmingham Alabama. There are atleast 20k peoplelooking for a job and willing to remake themselves to get the job.
    thank you

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