Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 18 April 2013 09:15

Glofo plans more spending

Written by Nick Farrell



$4.4 billion

Contract chip manufacturer GlobalFoundries is stepping up its spending to expand production. The company plans to spend $4.4 billion this year to expand production as demand for smartphones and tablets climbs.

According to Bloomburg GloFlo will expand in all three of its manufacturing locations, Germany, Singapore and the US. Last year the company spent $3.8 billion. The cash will met by internally generated cash and funding from Abu Dhabi-based parent, Mubadala Development.

Sales of semiconductor wafers at GlobalFoundries helped Mubadala, the state-owned company with investments in General Electric and Carlyle Group, to return to profit last year. Microsoft will use an AMD processor in its next Xbox. AMD is still one of GlobalFoundries’ biggest clients. Currently GloFlo is one of the few chip manufacturers able to spend billions of dollars to build factories that can churn out the processors and communications chips needed to run the newest handsets. This is mostly thanks to its backers in the oil-rich Abu Dhabi government.

Capacity expansion in wafer manufacturing business and a strong customer base are tipped by analysts to result in higher revenues from GloFlo in the future. Semiconductors contributed 47 percent to Mubadala’s revenue in 2012 compared with 42 percent a year earlier. Sales of semiconductor wafers, used in the fabrication of integrated circuits and other microdevices, rose 26 percent to $4 billion.

 

Last modified on Thursday, 18 April 2013 14:35

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments