Development of chip giant into a game of government of Abu Dhabi
Tuesday, 8. September 2009
The government of Abu Dhabi has doubled down on its investments in the chip industry in a new deal valued at $5.6 billion. Today the Middle Eastern city’s government said it has agreed to buy contract chip manufacturer Chartered Semiconductor for $2.5 billion in cash, plus debt assumption. That’s just after it acquired a big stake in Globalfoundries, the manufacturing arm of Advanced Micro Devices.
