Big fish in chips may batter Intel - The National Newspaper

Globalfoundries has teamed up with Samsung and IBM to help design smaller, more efficient chips for mobile phones in a move that will put the Abu Dhabi-owned microchip maker in direct competition with the global giant Intel.

The agreement between the three technology heavyweights highlights a major push in the industry to provide the next generation of hardware for smaller devices such as smartphones and tablet computers.

Globalfoundries has embarked on aggressive expansion efforts since the Advanced Technology Investment Company (ATIC), owned by the Abu Dhabi Government, purchased a 65.8 stake in the company from Advanced Micro Devices. It recently increased its stake to 73 per cent.