Corvex, Inc. (Nasdaq: MOVE) has announced that Nicholas M. Donofrio, a distinguished figure in the semiconductor and computing industries, will join its board of directors following his election at the company's upcoming annual shareholder meeting. Donofrio, a 44-year IBM veteran and IBM Fellow Emeritus who previously served as the company's Executive Vice President of Innovation and Technology and spent nearly a decade on the board of Advanced Micro Devices (AMD), joins at a pivotal moment as Corvex accelerates the expansion of its AI factories and prepares to launch its Token Factory platform.
Donofrio's career at IBM began in logic and memory chip design. He subsequently led teams responsible for the development and manufacturing of the company's full product line, from semiconductors and microprocessors to servers, and was directly in charge of IBM's global technology strategy and innovation efforts. He holds seven technology patents, is a member of the National Academy of Engineering, and is a Life Fellow of IEEE, a Fellow of the Royal Academy of Engineering, and a member of the American Academy of Arts and Sciences. Previously, he served on the AMD board from 2009 to 2018, where he founded the company's Innovation and Technology Committee.
Corvex CEO and Co-Founder Jay Crystal stated: "Nick has helped shape modern computing over his decades-long career, from semiconductors to high-performance computing systems and enterprise infrastructure. His experience touches every foundational layer of the AI ecosystem. As Corvex scales its AI factories, prepares to launch the Token Factory inference platform, and advances security innovation for AI workloads, Nick brings extraordinary technical depth, strategic judgment, a proven innovation track record, and a long-standing commitment to strong corporate governance. This is precisely the perspective our board needs."
Donofrio commented: "Technology only matters when applied to real-world problems. The hard part about AI isn't any single layer; it's making the entire stack work together—delivering the compute, transforming that compute into inference economically, and ensuring security and trust at every step. This is exactly the problem Corvex is solving, and it's what my entire career has been focused on—from silicon, to systems, to the trust they must earn. I look forward to helping the company tackle this challenge."
Donofrio brings extensive board governance experience spanning technology, financial services, and national security. He served on the board of The Bank of New York Mellon for nearly two decades, chairing its Risk and Technology Committee; was a director at Delphi Automotive and its successor company, Aptiv, for 13 years; and served as a trustee of The MITRE Corporation for 12 years. He has also provided strategic guidance to several technology startups and served as co-chair of the U.S. Department of Energy's Secretary of Energy Advisory Board.
Corvex is an engineering-led AI compute platform focused on GPU-accelerated AI infrastructure, offering AI factories, GPU clusters, confidential compute, and its upcoming Token Factory inference platform. The company is headquartered in Arlington, Virginia, and went public on the Nasdaq in March 2026 through a merger with Movano Inc. As of June 8, shares of MOVE are up approximately 248.73% year-to-date.
Comments