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GlobalFoundries Invests $4 Billion in Singapore Chipmaking Plant - Bloomberg

GlobalFoundries Invests $4 Billion in Singapore Chipmaking Plant - Bloomberg GlobalFoundries Inc. will build a $4 billion chipmaking plant in Singapore slated to start in 2023, choosing Asia for the site of its latest expansion despite Biden administration calls to bring home semiconductor manufacturing.The U.S.-based company joins rivals from Taiwan Semiconductor Manufacturing Co. to Samsung Electronics Co. that are expanding capacity to help address a persistent shortfall of chips for everyt...
Tags: Travel, Asia, Singapore, Biden, Taiwan Semiconductor Manufacturing Co, Dresden Germany, Samsung Electronics Co, Rupert Neil Bumfrey, Tom Caulfield, Singapore Chipmaking Plant Bloomberg


GlobalFoundries Said to Add JPMorgan, BofA to Jumbo IPO Roster - Bloomberg

GlobalFoundries Said to Add JPMorgan, BofA to Jumbo IPO Roster - Bloomberg GlobalFoundries has added four more banks to work on a planned initial public offering that could value the chipmaker at about $30 billion, according to people familiar with the matter.JPMorgan Chase & Co. and Bank of America Corp. have been brought in to help take the business public alongside already-appointed Morgan Stanley, the people said, asking not to be identified discussing confidential information. Citigroup I...
Tags: Travel, Singapore, Abu Dhabi, Morgan Stanley, Samsung Electronics, Globalfoundries, Jpmorgan, Bloomberg News, Citigroup Inc, Bank of America Corp, Taiwan Semiconductor Manufacturing Co, JPMorgan Chase Co, Credit Suisse Group AG, Advanced Micro Devices Inc, Rupert Neil Bumfrey, U S IPO


GlobalFoundries Is Said to Tap Morgan Stanley for Jumbo IPO - Bloomberg

GlobalFoundries Is Said to Tap Morgan Stanley for Jumbo IPO - Bloomberg GlobalFoundries is working with Morgan Stanley on an initial public offering that could value the chipmaker at about $30 billion, according to a person familiar with the matter.No final decision has been made and the company’s plans could change, said the person, who asked to not be identified because the matter isn’t public.GlobalFoundries is backed by Abu Dhabi sovereign fund Mubadala Investment Co. Mubadala had started ...
Tags: Travel, Singapore, Abu Dhabi, Morgan Stanley, Samsung Electronics, Globalfoundries, Bloomberg News, Taiwan Semiconductor Manufacturing Co, Advanced Micro Devices Inc, Rupert Neil Bumfrey, U S IPO, Mubadala, Philadelphia Stock Exchange Semiconductor Index, Tap Morgan Stanley for Jumbo IPO Bloomberg, Mubadala Investment Co Mubadala, Chartered Semiconductor Manufacturing Ltd



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