Abu Dhabi's ATIC to invest $10bn in US chip plant

Advanced Technology Investment Co outlines investment plan for GlobalFoundaries
The Saratoga County, New York factory opened in 2012 and has ramped up production capacity to 60,000 300mm wafers a month.
The Saratoga County, New York factory opened in 2012 and has ramped up production capacity to 60,000 300mm wafers a month.

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Abu Dhabi's Advanced Technology Investment Co (ATIC) could invest up to $10bn in acquired US chip-maker GlobalFoundries over the next two years, the company told Reuters this weekend.

ATIC completed its acquisition of GlobalFoundries in March 2012. The announced investment will concentrate on a factory in upstate New York, according to ATIC chief executive Ibrahim Ajami.

"We have received commitments from Mubadala [Abu Dhabi's sovereign-wealth fund, and owner of ATIC] for an additional $9bn to $10bn for expansion of our facility in New York," Ajami said.

The Saratoga County, New York factory opened in 2012 and has ramped up production capacity to 60,000 300mm wafers a month. ATIC plans to expand the facility's churn-out to include 20- and 14-nanometre [billionth of a metre] offerings, which will be vital to makers of mobile handsets.

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