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Globalfoundries eyeing IPO in 2015

Posted: 20 Nov 2012     Print Version  Bookmark and Share

Keywords:IPO  foundry  wafer fab  FinFET 

"The move towards profitability allows all sorts of options to open up," Noonen said. "One option would be to take the company public. Profitability gives us control of our own destiny." But he stressed that does not mean ATIC, Mubadala and Abu Dhabi would cut off additional funding. "There is additional capital spending planned for 2013," said Noonen.

In his presentation from Abu Dhabi, Manocha emphasized Globalfoundries' strong growth and advanced production achievements. The company became the No. 2 foundry in 4Q11 and earned about 40 per cent of its revenue from process technologies with geometries smaller than 45nm.

Globalfoundries is also planning to introduce a FinFET-based manufacturing process technology called 14XM just one year after it ramps a planar CMOS 20-nm process technology in 2013. Manocha also highlighted the completion of the first stage of Fab 8, a Rs.26,455.03 crore ($5 billion) wafer fab in Malta, N.Y., which is scheduled to produce its first commercial wafers by the end of this year or early in 2013.

Asked about construction of the Abu Dhabi fab, Noonen replied: "The purpose of Mubadala has not changed. A healthy Globalfoundries is good for everyone involved. Globalfoundries already has a presence in Abu Dhabi. We're looking forward to making the most of the global part of Globalfoundries."

ATIC is thought to have committed about Rs.63,492.06 crore ($12 billion) to the Globalfoundries project so far, including about Rs.26,455.03 crore ($5 billion) acquiring the manufacturing assets of Advanced Micro Devices Inc. in Dresden, Germany, and of Chartered Semiconductor Manufacturing in Singapore. Globalfoundries' capital expenditure was more than Rs.26,455.03 crore ($5 billion) in 2011, partly due to construction of Fab 8. Manocha said planned capex for 2012 is about Rs.15,873.02 crore ($3 billion). Globalfoundries capex is also expected to be about Rs.15,873.02 crore ($3 billion) in 2013.

- Peter Clarke
  EE Times

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