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Tuesday, 11 January 2011 12:56

Globalfoundries doubles investment spending

Written by


$5.4 billion in 2011
Globalfoundries is planning to double spending on factories in 2011 to $5.4 billion, from $2.7 billion last year.

CFO Robert Krakauer announced that the money will be used to upgrade existing fabs in Dresden and continue the construction of Globalfoundries’ new plant in upstate New York. In addition, some of the cash will be used to plan a new factory in Abu Dhabi, which comes as no surprise considering Abu Dhabi’s involvement in Globalfoundries.

While this announcement might be overshadowed by recent news from AMD, it is clear that Globalfoundries has rather ambitious plans. Krakauer noted that the new investment plans were based on customer programs and requests, adding that they are not speculative. For comparison, TSMC’s investing spending in 2010 was $5.9 billion, while Intel spent $5.2 billion.

2011 will clearly be a significant year for Globalfoundries. The company is transitioning to the new 32nm process and it has already taped out AMD’s first 32nm parts. In addition, Globalfoundries will churn out most of AMD’s Fusion parts and let’s not forget other customers, such as Qualcomm and STMicroelectronics.

More here.

Globalfoundries doubles investment spending

$5.4 billion in 2011

Globalfoundries is planning to double spending on factories in 2011 to $5.4 billion, from $2.7 billion last year.

CFO Robert Krakauer announced that the money will be used to upgrade existing fabs in Dresden and continue the construction of Globalfoundries’ new plant in upstate New York. In addition, some of the cash will be used to plan a new factory in Abu Dhabi, which comes as no surprise considering Abu Dhabi’s involvement in Globalfoundries.

While this announcement might be overshadowed by recent news from AMD, it is clear that Globalfoundries has rather ambitious plans. Krakauer noted that the new investment plans were based on customer programs and requests, adding that they are not speculative. For comparison, TSMC’s investing spending in 2010 was $5.9 billion, while Intel spent $5.2 billion.

2011 will clearly be a significant year for Globalfoundries. The company is transitioning to the new 32nm process and it has already taped out AMD’s first 32nm parts. In addition, Globalfoundries will churn out most of AMD’s Fusion parts and let’s not forget other customers, such as Qualcomm and STMicroelectronics.

More here.

http://www.bloomberg.com/news/2011-01-10/globalfoundries-to-double-spending-on-plants-equipment-in-2011.html

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Comments  

 
+12 #1 The_Countess 2011-01-11 13:52
interesting tidbit:
that's just slightly under AMD entire yeary turnover.

no way AMD on its own could keep up that kind of investment. but now they should be able to reap part of the benefits.
 
 
+4 #2 AndreiD 2011-01-11 15:17
Quoting The_Countess:
interesting tidbit:
that's just slightly under AMD entire yeary turnover.

no way AMD on its own could keep up that kind of investment. but now they should be able to reap part of the benefits.


Global Foundries is owned and funded mostly by ATIC (the Advanced Technology Investment Company created by the Abu Dhabi Government). AMD has no involvement in what ATIC do with Global Foundries, they are just one of the clients.

ATIC without a doubt has the money to invest in Global Foundries and within the next few years, I think ATIC will also acquire AMD's majority package (which would be great news as ATIC, as you can see, has the power to invest a lot of money).
 
 
+9 #3 Blacky 2011-01-11 16:19
I find it scary how much it costs to make a chip making factory. It costs less to make a space shuttle.

But they stand as a testimony to humanity's technological achievements.

I was wondering, can you go on a tour of such a factory?
 
 
+5 #4 FoxMontage 2011-01-11 16:47
Quoting Blacky:
I find it scary how much it costs to make a chip making factory. It costs less to make a space shuttle.

But they stand as a testimony to humanity's technological achievements.

I was wondering, can you go on a tour of such a factory?


Every new technology node (65, 45, 32, 28 etc) requires a new fab. Very few of the machines can be reused and the newest ones are extremeley expensive because they cost so much to design and manufacture.

You could probably take a tour of a semiconductor fab, provided there were glass walls, because they aint letting no one into those clean-rooms!
 
 
+14 #5 nele 2011-01-11 18:53
Quoting Blacky:
I find it scary how much it costs to make a chip making factory. It costs less to make a space shuttle.

But they stand as a testimony to humanity's technological achievements.

I was wondering, can you go on a tour of such a factory?





Yeah...

Just imagine what could have been done with all the bailout money governments pumped into the banking sector... and all of that runaway defense spending... and all the other crap governments spend money on...

If only we could line up all the politicians and bankers against a wall...
 
 
-23 #6 Warrior24_7 2011-01-11 19:51
This is real good news for Nvidia.
 
 
+6 #7 GrumpyOldMan 2011-01-11 20:41
.

5.4 billion. Think a single fab is around 2 to 2.5. A drop in a bucket. Just ask the extortion experts at Applied Materials.

.
 
 
+8 #8 Blacky 2011-01-11 22:54
Quoting nele:
Yeah...

Just imagine what could have been done with all the bailout money governments pumped into the banking sector... and all of that runaway defense spending... and all the other crap governments spend money on...

If only we could line up all the politicians and bankers against a wall...


I know...
I guess that's a noble cause for which to become a politician.
 
 
+1 #9 SlickR 2011-01-12 09:13
Wow. Where do they get this kind of net revenues to invest such large money?
Intel and TMSC were a lot longer in this business and with bigger share so they have the money for these kind of huge investments.
 
 
+4 #10 guideX 2011-01-12 09:34
Quoting SlickR:
Wow. Where do they get this kind of net revenues to invest such large money?



They know AMD is lifting as well as TSMC becoming more and more competitive.
 

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