GLOBALFOUNDRIES CEO Ajit Manocha Participates in President Obama’s Inaugural SelectUSA Summit


Last Thursday, GLOBALFOUNDRIES CEO, Ajit Manocha, participated in President Obama’s inaugural SelectUSA Summit in Washington D.C. The event was hosted by President Obama, who spoke to 1,200 attendees from companies around the world.

The Summit was designed to connect investors with United States businesses to explore business investment opportunities. Business leaders, global investors, state and local representatives and high-level U.S. Government officials gathered to learn more about the resources available to support business investment in the U.S. The Summit included two days of informative panels and breakout sessions on the U.S. market and industry sectors, and informative sessions with U.S. government officials on a variety of topics.

Manocha spoke on a panel entitled “U.S. Leadership in Advanced Manufacturing,” alongside co-panelists Dan Armbrust, CEO of SEMATECH, Jeannine Sargent, president of Energy Flextronics and William T. Powers III, executive vice president and CFO of Rolls-Royce North America. The panel addressed the topics of factors that contribute to U.S. competitiveness in advanced manufacturing.

During the panel, Manocha described GLOBALFOUNDRIES’ commitment to promoting advanced manufacturing in the United States and the economic factors that contributed to the company’s decision to locate its latest foundry in Saratoga County, New York. Manocha stated one of the keys to GLOBALFOUNDRIES’ decision to locate in New York was the collaborative environment and relationships with the state of New York, industry partners and educational institutions. GLOBALFOUNDRIES believes these collaborations are the heart of the ecosystem that supports research and development of the workforce important to the semiconductor industry. New York has provided the necessary vision and leadership to develop a strategic focus on key industry sectors, like nanotechnology.