Chartered-GlobalFoundries marriage to change landscape

Mark LaPedus, EE Times
(09/07/2009 2:18 AM EDT)
 
SAN JOSE, Calif. -- Abu Dhabi's bold move to acquire Singapore's Chartered Semiconductor Manufacturing Co. Ltd. makes sense and could change the foundry landscape, according to a report.
As reported, Abu Dhabi's Advanced Technology Investment Co. (ATIC) said it has agreed to acquire Chartered for a total of $3.9 billion, continuing its expansion into the contract wafer production business.
Chartered will be folded into GlobalFoundries, the former manufacturing division of Advanced Micro Devices Inc. (AMD) floated as a separate entity earlier this year by ATIC, which injected funds into the company under a joint venture deal with the microprocessor and graphics IC vendor.

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