May 10th, 2012

Globalfoundries Proves to be Money Losing Investment for New Owner

For Mubadala, the investment vehicle and sovereign wealth fund of the Abu Dhabi government, Globalfoundries is proving to be a precarious investment. Mubadala’s Advanced Technology Investment Company (ATIC) acquired Globalfoundries last year from AMD. Globalfoundries’ former owner spun off its last remaining stake in the company in March in exchange for the right to have [...]

November 2nd, 2009

GlobalFoundries Chairman Hector Ruiz Stepping Down with Connections to Insider-Trading Scandal

The former AMD CEO and current GlobalFoundries Chairman, Hector Ruiz, has announced he will be stepping down from his role as of January 4th, 2010 and taking a voluntary leave of absence effective immediately. The statement is speculated to be a result of Mr.Ruiz ties to the Galleon Group, one of the world’s largest hedge [...]

June 10th, 2009

GLOBALFOUNDRIES Takes Final Steps Towards Fab 2 Groundbreaking

Officially released into the wild only a few months ago, AMD semiconductor manufacturing company, GLOBALFOUNDRIES is adding its very own second official foundry on United States soil. GLOBALFOUNDRIES today announced it has issued the formal commitment letter to the State of New York for the construction of the Fab 2 project at the Luther Forest [...]