Globalfoundries integrates with Chartered Semiconductor

Globalfoundries officially integrates operations with Singapore-based Chartered Semiconductor

Tags: Chartered Semiconductor ManufacturingGLOBALFOUNDRIES IncorporationMergers and acquisitionsMicroprocessorSingaporeUSA
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Globalfoundries integrates with Chartered Semiconductor The Chartered Semiconductor deal has made Globalfoundries a market-leading, global company, says Grose. (Getty Images)
By  Mark Sutton Published  January 15, 2010

Globalfoundries has announced that it has officially integrated operations with recent acquisition Chartered Semiconductor Manufacturing, to create one of the largest chip manufacturers in the world.

The company announced the $1.8 billion purchase of Singapore-based Chartered Semicon in September last year.

The combined operations employ 10,000 people, with 2009 revenues to date of over $2 billion. Globalfoundries now has five 200 mm fabs and one 300 mm fab in Singapore, as well as one leading-edge 300 mm fab complex in Dresden, Germany, with a new 300mm fab under construction in the US and planned expansions to the Singapore and German facilities.

"As the world's leading chip design companies face increasing pressure to push the boundaries of innovation, they need a full-service foundry partner with the ability to invest and sustain an aggressive leading-edge technology roadmap while offering a full breadth of services," said Doug Grose, chief executive officer of Globalfoundries. "Thanks to the vision of our investors and months of dedicated work by teams across the globe, we have now created a new global company that leads the foundry market in advanced technology with unparalleled proximity to our customers and access to the world's best talent."

Chia Song Hwee, chief operating officer of Globalfoundries added: "Until now, the world's largest fabless, fablite and integrated manufacturers have had no real alternative for an end-to-end manufacturing partner. This new company has an incredible opportunity in front of us to not just offer an alternative, but become the preferred supplier for many of the world's top chip design companies. With advanced technology leadership, an aggressive capacity roadmap and a robust set of mainstream technologies and foundry services we are well equipped to compete and win against any other foundry in the industry."

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