Friday 17 June 2011

Abu Dhabi-owned ATIC to double investment in GlobalFoundries

The majority owner of GlobalFoundries Inc. has said it will double-down on its investment in the business by the end of 2012.

The announcement could mean more money being spent in Saratoga County, where GlobalFoundries is currently building a massive computer-chip plant.

The Advanced Technology Investment Co., owned by the government of Abu Dhabi, detailed its plans as it also announced three key changes in the leadership of GlobalFoundries.

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