GlobalFoundries announced in June it has
\nobtained clearance from the Committee on Foreign
\nInvestment in the United States (CFIUS)
\nfor its proposed acquisition of IBM’s microelectronics
\nbusiness announced last October.<\/p>\n
With the conclusion of the CFIUS review,
\nthe companies have completed the regulatory
\nprocess in the U.S., the company said in a statement.
\nAll necessary regulatory approvals outside
\nthe U.S. were previously received.
\nThe transaction is expected to close in the
\nnear future, officials said.<\/p>\n
Company officials said they have created a
\n“Northeast Tech Corridor.” The Fishkill facility
\nwill be named Fab 10, and the Vermont plant
\nwill be named Fab 9. The one in Malta is Fab 8.<\/p>\n
GlobalFoundries, which has a microchip fabrication
\nplant in Malta, will have primary access
\nto the research that results from this investment
\nthrough joint collaboration at the Colleges of
\nNanoscale Science and Engineering (CNSE),
\nSUNY Polytechnic Institute, in Albany.<\/p>\n
As part of the agreement, GlobalFoundries
\ngains substantial intellectual property including
\nthousands of patents, making GlobalFoundries
\nthe holder of one of the largest semiconductor
\npatent portfolios in the world, the company said.<\/p>\n
Company officials also said it will benefit from
\nan influx of one of the best technical teams in
\nthe semiconductor industry, which will solidify
\nits path to advanced process geometries at 10nm
\nand below. Additionally, the acquisition opens up
\nbusiness opportunities in industry-leading radio
\nfrequency (RF) and specialty technologies and
\nASIC design capabilities.<\/p>\n
“This acquisition solidifies GlobalFoundries’
\nleadership position in semiconductor technology
\ndevelopment and manufacturing,” said Dr.
\nSanjay Jha, CEO, GlobalFoundries, last fall. “We
\ncan now offer our customers a broader range of
\ndifferentiated leading-edge 3D transistor and RF
\ntechnologies, and we will also improve our design
\necosystem to accelerate time-to-revenue for our
\ncustomers. This acquisition further strengthens
\nadvanced manufacturing in the United States,
\nand builds on established relationships in New
\nYork and Vermont.”<\/p>\n
GlobalFoundries will also acquire IBM’s
\ncommercial microelectronics business, which
\nincludes ASIC and specialty foundry, manufacturing
\nand related operations and sales.
\nGlobalFoundries plans to invest to grow these
\nbusinesses.<\/p>\n
GlobalFoundries a semiconductor foundry
\nlaunched in March 2009. According to company
\nofficials, it has achieved scale as the second largest
\nfoundry in the world, providing a combination
\nof advanced technology and manufacturing
\nto more than 160 customers. With operations
\nin Singapore, Germany and the United States,
\nGlobalFoundries is the only foundry that offers
\nthe flexibility and security of manufacturing
\ncenters spanning three continents.<\/p>\n
Its global manufacturing footprint is supported
\nby major facilities for research, development
\nand design enablement located near hubs
\nof semiconductor activity in the United States,
\nEurope and Asia. GlobalFoundries is owned by
\nthe Mubadala Development Co. For more information,
\nvisit www.GlobalFoundries.com.<\/p>\n","protected":false},"excerpt":{"rendered":"
GlobalFoundries announced in June it has obtained clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed acquisition of IBM’s microelectronics business announced last October. With the conclusion of the CFIUS review, the companies…<\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[57],"class_list":["post-17272","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-business-news"],"yoast_head":"\r\n