Chinese Company Planned to Purchase Global Foundry


According to financial report of Mubadala Development Company, an official investment institution in Abu Dhabi, Global Foundry’s investment on advanced processing suffered a loss of USD1.5 billion in 2014, but it had purchased IBM fab in that year and obtained subsidy of USD1.5 billion. It was not the first loss of Global Foundry. In 2013, this company had experienced a loss of USD900 million. It was said that a Chinese company planned to purchase Global Foundry, but the details had not been announced.

Analysts hold that, due to serious loss of GF, the acquisition is not entirely groundless, but it is more likely to be capital injection.

Source:ESMC Team

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