One of Abu Dhabi's most ambitious investment projects is its push to become a major player in the semiconductor industry, and eventually, a hub for semiconductor manufacturing.
That push has been led by two separate, but highly connected, investments. Mubadala, Abu Dhabi's strategic investment company, became the largest shareholder in AMD, Intel's only real competitor in the chip industry. And a new government-owned company, ATIC, spun off AMD's chip manufacturing business into a new company, Globalfoundries, in a joint-venture with AMD.
Globalfoundries, cashed up from their new Abu Dhabi owners, went on to buy out Singapore's Chartered Semiconductor and became the third biggest chipmaker in the world. The company says it will build a microchip fabrication plant in Abu Dhabi by 2016.
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