Report: Abu Dhabi holding talks over GlobalFoundries sale

Peter Clarke, EETimes Europe
November 25, 2015

Abu Dhabi sovereign wealth fund Mubadala Development Co. has held talks with potential buyers for all or part of Globalfoundries Inc. according to a Bloomberg report that cited unnamed sources.

The report added that the company might fetch $15 billion or $20 billion if a deal goes ahead but did not name any potential buyers.

However, it was reported back in September that Hua Capital Management, which looks after China's national IC investment fund, had approached Globalfoundries over possible cooperation (see Does a Chinese bid for GloFo make sense?).

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