By Staff writer
Mubadala-owned US chipmaker outlines plans to build 7 nanometre chip at New York facility
US chipmaker GlobalFoundries, which is owned by Abu Dhabi investment vehicle Mubadala, says it will spend more than $2 billion on new, cutting-edge chips.
The firm said in a press statement that it will start making 7 nanometre chips – half the thickness of its current chips – at its facility in New York.
GlobalFoundries expects to be able to produce the chips commercially in 2018.
“The industry is converging on 7nm FinFET [a type of chip] as the next long-lived node, which represents a unique opportunity for GlobalFoundries to compete at the leading edge,” said GlobalFoundries CEO Sanjay Jha in the statement.
“We are well positioned to deliver a differentiated 7nm FinFET technology by tapping our years of experience manufacturing high-performance chips, the talent and know-how of our former IBM Microelectronics colleagues and the world-class R&D pipeline from our research alliance.
"No other foundry can match this legacy of manufacturing high-performance chips.”