GlobalFoundries to build $6bn fab in Abu Dhabi

New plant planned to go online by 2015

Tags: AMD (www.amd.com), GLOBALFOUNDRIES Incorporation, Semiconductors, United Arab Emirates

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GlobalFoundries to build $6bn fab in Abu Dhabi

GlobalFoundries will spend $6 billion on the Abu Dhabi fab.

By Mark Sutton Published March 9, 2011

GlobalFoundries has announced that it intends to build a semiconductor factory in Abu Dhabi, to be operational by 2015.

The fab will cost $6 billion, according to Reuters.

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GlobalFoundries is joint operation between Abu Dhabi's Advanced Technology Investment Company (ATIC), and AMD. The company already has existing fabs in Germany and Singapore, and is constructing a new plant in the US.

"The region is savvy and tech-hungry and ATIC's plans helps drive the 2030 vision of Abu Dhabi's diversification. The goal is for Global Foundries to be financially sustainable," an unnamed spokesman told Reuters.

Tags: AMD (www.amd.com), GLOBALFOUNDRIES Incorporation, Semiconductors, United Arab Emirates