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Sunday, 14 November 2010

Globalfoundries hopes to gain on chip outsourcing

Globalfoundries, the customised microchip foundry owned by the Abu Dhabi Government, is hoping to pick up more business next year as the US$300 billion (Dh1.1 trillion) worldwide industry tries to cut costs by outsourcing chip making.

Advanced Technology Investment Corporation (ATIC), owned by the Abu Dhabi Government, has a 73 per cent stake in Globalfoundries and plans to build a US$6 billion (Dh22.03bn) microchip making plant in the emirate by 2015.

The technology research company Gartner expects global semiconductor revenue to grow 32 per cent to $300.3bn this year but anticipates a slowdown in the rate of growth next year.