CDO Brad Clay spearheaded a new global business process ownership model to help fuel the semiconductor manufacturer’s transformation from a high-volume commodity business to a high-value one. Credit: Brad Clay / GlobalFoundries When Brad Clay became chief digital officer of GlobalFoundries in early 2021, he knew his role would be less about technology implementation and more about process change. In 2018, the $8 billion global semiconductor manufacturer announced a pivot in its business strategy: The company would no longer develop and produce 7-nanometer and smaller chip technologies; instead GlobalFoundries would focus on producing specialized chips for high-growth markets such as automotive, 5G, and the internet of things. “When we shifted from commodity contract wafer manufacturing to delivering more value to the device manufacturers, we faced a different set of business problems,” says Clay. “We had to align our business processes with the new strategy.” Wholesale shift in process management GlobalFoundries grew up from a collection of companies, each doing things differently, so processes had become siloed and fragmented, with no single person or organization accountable for an entire process. This, along with the change in business strategy, required a wholesale shift to global process management. Clay, who is also […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
