China Eyeing Up GLOBALFOUNDRIES
September 2, 2015
China is talking to Abu Dhabi about buying GloFo, reports Digitimes.
China’s Hua Capital Management fund which manages China’s National Integrated Circuit Industry Investment Fund is talking to GloFo’s owner, the Advanced Technology Investment Corp (ATIC) of Abu Dhabi, about buying GloFo.
China recently allocated $19 billion towards beefing up the country’s foundry industry whose best domestic process is 28nm at SMIC. GloFo’s best process is 14nm and its market cap is $13 billion.
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