Abu Dhabi's government-owned investment vehicle, Mubadala has announced plans to manufacture computer chips in the country, Reuters has reported. The firm, which owns a stake in Advanced Micro Devices (AMD), has committed $10bn to the project through Globalfoundries, a contract chip maker which is co-owned by AMD and Abu Dhabi investor Advanced Technology Investment Co. (ATIC). 'In four years, you'll see the first foundry in Abu Dhabi,' Mubadala chief operating officer, Waleed Al Muhairi said.
You might also like...
Iraq signs five-year gas deal with Iran
29 March 2024
Iraq pushing forward with refinery project
29 March 2024
Samsung C&T to undertake Amiral cogen EPC
29 March 2024
McDermott completes financial restructuring exercise
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.