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The Industry Standard (Free subscription) | 18/11/2009
An updated cross-licensing agreement between Intel and Advanced Micro Devices expands their rights to use third-party chip makers to manufacture x86 chips under certain conditions. Among the third-party companies that will be covered by the deal is Abu Dhabi's Advanced Technology Investment Co., which holds a stake in GlobalFoundries, the former manufacturing arm of AMD, and is in the process of acquiring...
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The Industry Standard (Free subscription) | 12/11/2009
The acquisition of Chartered Semiconductor by Advanced Technology Investment Co. (ATIC) and its planned integration with GlobalFoundries will help the contract chip maker win more customers, GlobalFoundries CEO Doug Grose said Wednesday. "This enhances our ability to then service a much broader and deeper range of customers" Grose said during a presentation at Advanced Micro Devices' 2009...
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DV Hardware (Free subscription) | 09/11/2009
Abu Dhabi's investment vehicle Mubadala said the first semiconductor foundry in the Gulf state will be opened in four years. According to Mubadala Chief Operating Officer Waleed Al Mhuairi the goal is to become the number two in two years and compete with Intel. The oil and gas rich emirate entered the semiconductor market with investments in AMD and co-ownership of GlobalFoundries, and recently increased...
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DV Hardware (Free subscription) | 06/11/2009
TG Daily reports GlobalFoundries believes it may one day surpass Intel's process technology. The company believes it may be able to close the gap with Intel partly because of partnerships, including the upcoming merger with Chartered Semiconductor, which will be taken over by Abu Dhabi investment vehicle ATIC. The company has made no secret of its plans to compete fiercely with Taiwanese firm TSMC,...
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DV Hardware (Free subscription) | 05/11/2009
Chartered Semiconductor reports its shareholders have voted in favor of ATIC's offer to acquire Chartered: Advanced Technology Investment Company LLC (ATIC) of Abu Dhabi and Chartered Semiconductor Manufacturing Ltd. (Chartered) of Singapore announced that Chartered shareholders today voted in favor of ATIC's offer to acquire Chartered. The proposal was approved by 82.56 percent of the shareholders...
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The Earth Times Online Newspaper (Free subscription) | 04/11/2009
Singapore - Shareholders of Singapore chip-maker Chartered Semiconductor Manufaturing Ltd on Wednesday approved the take-over by Abu Dhabi's state-owned investment company Advanced Technology Investment Company LLC (Atic), the companies said in a sta...
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The Industry Standard (Free subscription) | 04/11/2009
Chartered Semiconductor shareholders have accepted an acquisition offer by Abu Dhabi's Advanced Technology Investment Co. (ATIC), the company said Wednesday. In September, ATIC offered to acquire Chartered, which is based in Singapore, in a deal worth S$5.6 billion (US$4 billion). At a meeting today, 83 percent of shareholders voted to approve the deal, Chartered said. The approval of Chartered's...
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Vital Wave Consulting (Free subscription) | 03/11/2009
Jordan's budding IT industry got a big boost recently with the announcement of a new fund intended to help meet the financing needs of the country's growing crop of startup firms. Backers aim to launch the fund in 2010 with a combination of local enterprise and bank resources, along with support from the government and multinational investors in Jordan. The country's leader, King Abdullah, has made...
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The Business Insider (Free subscription) | 02/11/2009
After he was outed last week for being a tipster in the Galleon insider trading case, former AMD (AMD) CEO Hector Ruiz has stepped down as CEO of GLOBALFOUNDRIES. ------ SUNNYVALE, Calif.--( BUSINESS WIRE )--Hector Ruiz, chairman of the GLOBALFOUNDRIES board of directors, will take a voluntary leave of absence effective immediately before resigning from the company in January, the company’s...
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Hot Hardware (Free subscription) | 24/10/2009
Earlier this month, we covered news that the Advanced Technology Investment Company (ATIC) issues a press release confirming that it had signed a definitive agreement to purchase Chartered Semiconductor. Chartered's business will be rolled into GlobalFoundries, with Doug Grose serving as CEO of the combined entities. Chartered released its financial report for the third quarter of 2009 this week and...
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Chanel News Asia (Free subscription) | 23/10/2009
SINGAPORE: Mainboard-listed Chartered Semiconductor said on Friday it made a net loss of US$4.7 million in the third quarter of this year.
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PR News Wire (Free subscription) | 16/09/2009
-- In June, industry writers were busy writing that TSMC's founder, Dr. Morris Chang, was returning to fix an alleged "yield problem" affecting the company's 40nm fabrication process. McWilliams provided detailed data showing these accusations were wrong and offered an in-depth view as to why Dr. Chang decided to return to a more active role. At the bottom line, McWilliams urged readers to...
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Chanel News Asia (Free subscription) | 14/09/2009
SINGAPORE: The takeover bid of Mainboard-listed Chartered Semiconductor by Abu Dhabi's Advanced Technology Investment Company (ATIC) is fair and reasonable from a financial point of view, according to the opinion of its independent financial advisers, Deutsche Bank.
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TechConnect Magazine (Free subscription) | 10/09/2009
GlobalFoundries, the soon-to-be half-sister of Chartered Semiconductor has added one more piece to its executive team by appointing Jim Ballingall as vice president of marketing. Ballingall, who'll be commanding GlobalFoundries' marketing solutions and strategies, has last been president of Ballingall Consulting, and, prior to that, held leadership positions at GetSilicon, Marvell, UMC, Novellus and...
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TechEnclave (Free subscription) | 09/09/2009
---Quote--- 14.6 percent in a single day of trading AMD's shares have leaped 15 percent following ATIC's Labour Day weekend announcement its bid for Chartered Semiconductor. Abu Dhabi-based ATIC is AMD's partner in Globalfoundries, and it has a significant share in AMD as well. The...
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