Globalfoundries, the chip manufacturer, has postponed its plan to start building the Gulf's first microprocessor-fabrication plant in Abu Dhabi next year.
The company, which is 91 per cent owned by Abu Dhabi's Advanced Technology Investment Company (Atic), will not start construction of the facility next year because of the uncertain global economic outlook.
"We will not be engaging in any ground breaking in Abu Dhabi in 2012," said Ibrahim Ajami, the chief executive of Atic.
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