British tech firm IQE names chipmaker GlobalFoundries’ Lemos as CEO

High-end handbags go up for auction in London

Nov 22 (Infoday) – British technology firm IQE Plc (IQE.L) on Monday named New York-based peer GlobalFoundries’ (GFS.O) Americo Lemos as its chief executive officer effective Jan. 10, ending a roughly year-long search for a successor to founder Drew Nelson.

Nelson last year announced plans to step down after three decades at the helm of IQE, which makes semiconductor wafers for chips used in Apple (AAPL.O) products. He will be become president of the board.

“The depth and breadth of (Lemos’) industry expertise make him the natural choice to take the business forward in its next stage of growth,” said IQE Executive Chairman Phil Smith.

Lemos takes charge of the company at a time when countries are poised for a rollout of 5G technology, which is also a significant new market for chipmakers such as IQE.

Lemos, 54, was responsible for development for GlobalFoundries’ business in Asia Pacific and China – major regional markets for IQE – and has also had stints with Qualcomm (QCOM.O), Intel (INTC.O) , Texas Instruments (TXN.O) and Skyworks (SWKS.O).

Register now for FREE unlimited access to

Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Infoday Trust Principles.

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing at the Capitol Hill in Washington, July 15, 2021. REUTERS/Kevin Lamarque/File Photo

Analysis: Powell’s reappointment gives investors stability

Home prices reach new high in May as growth pace slows

Real estate market will continue to move in ‘fast direction’ amid pent-up demand: Century 21 CEO