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Hector Ruiz quits Global Foundries

AMD'S previous president and CEO Hector Ruiz has stepped down from his relatively new post as Chairman of Global Foundries, AMD's fab spin-off.

A press release from Global Foundries stated that Ruiz will take a voluntary leave of absence effective immediately, and will officially leave his post on 4th January 2010.

As previously reported by the Inquirer just last week, the Wall Street Journal learned that the US Attorney's office came into evidence that Hector Ruiz might have tipped off Wall Street investment managers to the company's plans to spin off its factories and create Global Foundries.

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