Courtesy GlobalFoundries
Peter Benyon has been named the new general manager for the GlobalFoundries plant in Malta. He will become the facility’s fifth general manager, effective on July 1.
Benyon currently serves as vice president and general manager of GlobalFoundries’ Fab 7 plant in Singapore. He will report to Ron Sampson, who will remain based in Malta, Saratoga County, and will continue to lead the company’s U.S. manufacturing operations.
Expanding its leadership team in Saratoga County is the latest step CEO Tom Caulfield is taking since the company shifted its strategy last August. GlobalFoundries halted its efforts to develop next-generation 7-nanometer chips in favor of focusing on innovations of existing technology to appeal to a larger market with more customers.
“We have completed the transactional elements of our strategic transformation and are now focused on execution and our long-term growth strategy,” Caulfield said in a prepared statement.
The Malta complex employs 3,000 people. Officials said it is coming off a strong 2018 when revenue grew by 33 percent. According to Sampson, revenue could increase by 10 percent this year.
Benyon has spent 35 years in the semiconductor industry, beginning his career with National Semiconductor. He spent 12 years with Chartered Semiconductor before the business was acquired a decade ago by the investment arm of the Abu Dhabi government and became part of GlobalFoundries.