Dubai: The Abu Dhabi government on Monday agreed to acquire full control of Advanced Micro Device's former microchip manufacturing unit, though AMD will remain a key customer. AMD is giving up ...

There are rumors that Abu Dhabi may be tired of pumping money into ... on the auction block and its businesses sold to specialty foundries that wanted to work in those specific areas.

When AMD sought to shed its costly manufacturing operations, Ibrahim Ajami saw an interesting opportunity, one that promised to bring semiconductor manufacturing to Abu Dhabi. Let’s start with the ...

An Abu Dhabi-backed firm has invested $100m ... It owns a majority stake in the manufacturer Global Foundries and has reportedly held talks with Sam Altman, the OpenAI chief executive, about ...

It also comes as GlobalFoundries, majority owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is slated to receive around $1.5 billion from the Commerce Department to build a new ...

Leading semiconductor manufacturer GlobalFoundries is preparing to lay off up to 800 employees, or about 5.3 percent of the company’s global workforce ... selling it to Abu Dhabi-based ...

Mubadala Investment Company PJSC, or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established ...

MALTA, N.Y. (NEWS10) — Leading semiconductor manufacturer GlobalFoundries is preparing to lay off about 5.3% of its global workforce ... selling GlobalFoundries to Abu Dhabi-based technology ...

A global chip shortage in the midst of the pandemic ... Funding was provided by Mubadala, an Abu Dhabi sovereign wealth fund that still owns a controlling stake. GlobalFoundries opened a new ...