The chairman of Globalfoundries, the microchip maker controlled by Abu Dhabi, has resigned days after being connected in media reports to an insider-trading scandal.
Hector Ruiz previously led the chip maker AMD, which spun off its manufacturing assets to create Globalfoundries this year.
Mr Ruiz’s resignation from Globalfoundries, which is majority-owned by Abu Dhabi’s Advanced Technology Investment Company, is effective from January 4 but he will take leave of absence immediately, the company said in a statement. It gave no reason for his departure.
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