ATIC aims full takeover of Globalfoundries

23 January 2010

Abu Dhabi's Advanced Technology Investment Co. (ATIC) has filed an application with Germany's cartel office to take over Globalfoundries, Reuters has reported. Globalfoundries is the contract chipmaking venture ATIC established with Advanced Micro Devices last year. ATIC has invested $2.1bn for its 65.8% stake of the venture.

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