Saturday, March 6, 2021

GlobalFoundries: Wiki article

GlobalFoundries Inc. (GF or GloFo) is an American semiconductor foundry headquartered in Santa Clara, California, United States.[5] GlobalFoundries was created by the divestiture of the manufacturing arm of Advanced Micro Devices (AMD). The Emirate of Abu Dhabi is the owner of the company through its subsidiary Advanced Technology Investment Company (ATIC).

The firm manufactures integrated circuits in high volume mostly for semiconductor companies such as AMD, BroadcomQualcomm, and STMicroelectronics. As of 2015, it has five 200 mm wafer fabrication plants in Singapore, one 300 mm plant each in Germany and Singapore, and three plants in the United States: one 200 mm plant in Vermont (where it is the largest private employer)[6] and two 300 mm plants in New York.[7]

GlobalFoundries plans to become a publicly traded company in 2022.[8] 

Overview[edit]

On October 7, 2008, AMD announced plans to go fabless and spin off their semiconductor manufacturing business into a new company temporarily called The Foundry Company. Mubadala announced their subsidiary Advanced Technology Investment Company (ATIC) agreed to pay $700 million to increase their stake in AMD's semiconductor manufacturing business to 55.6% (up from 8.1%). Mubadala will invest $314 million for 58 million new shares, increasing their stake in AMD to 19.3%. $1.2 billion of AMD's debt will be transferred to The Foundry Company.[9] On 8 December 2008, amendments were announced. AMD will own approximately 34.2% and ATIC will own approximately 65.8% of The Foundry Company.[10]

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