Advanced Technology Investment Co. (ATIC), the semiconductor unit of the Abu Dhabi government's Mubadala investment fund, lost money in each of the last two years and has accumulated a deficit that stood at about $1.12 billion at the end of 2011, according to a report by the Reuters news service that cited a regulatory filing.
In the filing, Mubadala said there can be no assurance that ATIC will be profitable in 2012 or subsequent years, according to the Reuters report.
ATIC is the parent company of Globalfoundries Inc. The firm became the sole owner of the former chip manufacturing unit of Advanced Micro Devices Inc. (AMD) last year, when AMD gave up its remaining stake in Globalfoundries in exchange for the right to have 28-nm products built by other foundries. Previously a clause in the wafer supply agreement between AMD and Globalfoundries required that AMD have certain 28-nm chips built by Globalfoundries.
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