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.
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