The Abu Dhabi-based Advanced Technology Investment Company (ATIC) has increased its investment in Globalfoundries, one of the biggest customised microchip makers in the world, through its US counterpart Advanced Micro Devices (AMD), according to a company filing.
ATIC now owns 86 per cent of Globalfoundries with AMD, the chipmaker's former owner, holding the remaining stake in the firm.
ATIC, an investment firm owned by the Abu Dhabi Government, purchased 65.8 per cent stake in Globalfoundries last year for $2.1billion (Dh 7.7bn)in a deal that placed the UAE as a leading player in the global microchip industry.
No comments:
Post a Comment