Arab Today, arab today atic to invest up to 10bn in us chip plant
Last Updated : GMT 08:09:48
Arab Today, arab today
Arab Today, arab today

ATIC to invest up to $10bn in US chip plant

Arab Today, arab today

Arab Today, arab today ATIC to invest up to $10bn in US chip plant

Abu Dhabi - WAM

Abu Dhabi's Advanced Technology Investment Co (ATIC) plans to invest up to $10 billion over the next two years in GlobalFoundries' upstate New York semiconductor factory, its chief executive said on Friday. ATIC owns unlisted GlobalFoundries, having completed a buyout of joint venture partner Advanced Micro Devices Inc in March 2012. ATIC is controlled by Abu Dhabi state investment fund Mubadala. "We have received commitments from Mubadala for an additional $9-10 billion for expansion of our facility in New York,” ATIC Chief Executive Ebrahim Ajami told Reuters. ATIC, which expects to be profitable by 2015, also plans to invest in GlobalFoundries' chip manufacturing facilities in Germany and Singapore, Ajami said, without elaborating. The Saratoga County, New York factory, which started operations in 2012, has the capacity to produce 300 mm wafers at about 60,000 a month. The wafers are used to make integrated circuits, which are at the heart of all electronic devices. ATIC wants to expand the factory to produce advanced chips with features measuring 20 and 14 nanometers, or a billionth of a meter, which will be growth areas in the next three to four years, Ajami said. Contract chip manufacturers regularly upgrade their factories to produce smaller chips, a vital part of making electronic devices smaller, such as thinner mobile phones. GlobalFoundries competes against leading contract chipmaker Taiwan Semiconductor Manufacturing Co or TMSC, which is also investing heavily in technology to maker smaller integrated circuits. TSMC plans to invest $17 billion in new facilities in southern Taiwan, where it will make 20 mm chips. Growth rates are in the high single-digits for the semiconductor industry, which has been hit by falling demand for personal computers as people switch to mobile devices such as tablets, Ajami said. But chip manufacturers will continue to grow at a double-digit pace as more firms outsource production to companies like GlobalFoundries, he said. Reacting to the slowdown in its core PC chip business, Intel Corp recently said it plans to expand its small contract manufacturing business and offer customers access to its chip factories, which are the world's most advanced. "It is competitive but lots of segments are demanding more and more digital circuits such as automobiles, mobiles and electronics,” Ajami said. Plans to build a wafer fabrication plant in Abu Dhabi to make items such as light-emitting diodes (LEDs) and computer processors, were put on hold in 2011 due to tough market conditions. But the company continues to invest in the emirate, especially in research, development and training, Ajami said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today atic to invest up to 10bn in us chip plant Arab Today, arab today atic to invest up to 10bn in us chip plant

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday