Comment: GloFo gets warm words, but for how long?

By Peter Clarke, EENews
March 01, 2019

The latest statement from Mubadala, that wholly-owned subsidiary Globalfoundries is "integral" to its portfolio, will not put an end to speculation about the eventual fate of the US headquartered foundry.

One could even argue that the comment is similar to the "full support" meme that could indicate that the announcement of a sale – or a joint-venture to dilute Mubadala's holding – may be just weeks or months away.

For several weeks there has been speculation that Abu Dhabi's sovereign wealth fund Mubadala Investment Corp. is ready to end or curtail its decade-long, multi-billion-dollar investment in semiconductor manufacturing. And it is not the first time the idea has surfaced. There were reports of an approach from China and other discussions over the future of Globalfoundries in 2015.

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