Technology
18 August 2021, 1:40 pm. 1 minute
Reuters was first to report that GlobalFoundries Inc has filed confidentially with U.S regulators for an initial public offering in New York that could value the chipmaker at around $25 billion. The move is the clearest sign yet that GlobalFoundries, which is owned by Abu Dhabi’s sovereign wealth fund, is not eager to accept a potential tie-up with Intel Corp, which was reported last month to be in talks to acquire the U.S. chipmaker.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: EquitiesTechnology
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story