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Abu Dhabi’s ATIC to invest up to $10 billion in U.S. chip plant

03
Jan
2014

By Stanley Carvalho ABU DHABI (Reuters) – Abu Dhabi’s Advanced Technology Investment Company (ATIC) plans to invest up to $10 billion over the next two years in GlobalFoundries’ New York semiconductor factory, its chief executive said on Friday. ATIC owns unlisted GlobalFoundries, having completed a buy-out of joint venture partner Advanced Micro Devices in March 2012. ATIC is controlled by Abu Dhabi state investment fund Mubadala.

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