Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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