GLOBALFOUNDRIES hires procurement exec to manage capex expansions

February 29, 2012 – BUSINESS WIRE — GLOBALFOUNDRIES appointed Magnus Matthiasson, formerly of Philips Lumileds, as GLOBALFOUNDRIES chief procurement officer (CPO), reporting to CFO Dan Durn.

GLOBALFOUNDRIES aims to continually optimize its purchasing and materials spend, given the "magnitude of our annual capital-equipment and purchasing investments," said Durn. In January, GLOBALFOUNDRIES announced plans for capital spending of more than $3 billion in 2012. The spend is the final in a 3-year, $11 billion investment to expand its facilities in Singapore, Germany and New York.

Also read: Wafer fab equipment: Who’s spending in 2011-2012, who’s not

Matthiasson most recently served as VP and CPO with Philips Lumileds, leading an initiative that implemented a commodity management and operational excellence structure. He was VP and CPO at Spansion, Inc., where he increased the scope of supply management, and has also held leadership positions with KLA-Tencor and AMD. Matthiasson earned a masters of business administration degree from Arizona State University and a bachelor of science degree in mechanical engineering from Rice University.

GLOBALFOUNDRIES is a full-service semiconductor foundry with a global footprint of advanced technology and manufacturing in Singapore, Germany and the US, with three 300mm fabs and five 200mm fabs. GLOBALFOUNDRIES is majority owned by the Advanced Technology Investment Company (ATIC). For more information on GLOBALFOUNDRIES, visit

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