Globalfoundries to IPO
September 30, 2019
After ten years of making losses, Globalfoundries intends to IPO in 2022, says CEO Tom Caulfield.
GloFo has been selling off bits all year. Vanguard Bought GloFo’s Fab 3E in Singapore in January, ON Semi bought the East Fishkill fab, the mask-making unit was sold to Toppan, and the ASIC operation was sold to Marvell.
Last year the big news was the abandonment of the pursuit of leading edge process technology after 12nm, but Caulfield points out that 75% of ICs currently being made use12nm and older processes.
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