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ATIC Buys More GloFlo

ATIC Buys More GloFlo

Advanced Technology Investment Company (ATIC) increases stake in GLOBALFOUNDRIES

GLOBALFOUNDRIES, the fabrication plants that produce AMD’s CPU was created when AMD spun off its plants which were bought by Advanced Technology Investment Company – owned by Abu Dhabi – the second largest city in the United Arab Emirates.

ATIC have increased their stake from 68% to 70% with AMD still holding shares and with the settlement reached by AMD and Intel in 2009, which means that AMD could produce its x86 processors at fabrication plants it does not directly own for the first time, ATIC announced its intentions of completely buying out AMD’s previous plants. Currently AMD holds a 34.2% stake in GLOBALFOUNDRIES.

GLOBALFOUNDRIES have partnered with ARM and other companies for its 28 nanometre node technology.

Source: EETimes

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Stuart Davidson

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