We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 17 Sep 2016 03:13 PM

Font Size

- Aa +

Abu Dhabi’s GlobalFoundries to invest $2bn in new computer chips

Mubadala-owned US chipmaker outlines plans to build 7 nanometre chip at New York facility

Abu Dhabi’s GlobalFoundries to invest $2bn in new computer chips

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.”

Arabian Business: why we're going behind a paywall

For all the latest GCC news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.