The management of GlobalFoundries does not hide that it plans to go public by 2022. According to unofficial data, preparations for this step have already begun; as a result of the relevant measures, the company expects to gain at least $ 20 billion.
This year GlobalFoundries is going to spend $ 1.4 billion on expansion and modernization of production, next year this amount will be doubled. The entire semiconductor industry will not be able to catch up with demand until the end of 2022 or even later. Public offering of shares in such conditions can become a good source of financing for plans to expand production.
As Bloomberg notes, citing its own sources, the owners of GlobalFoundries, represented by the investment company Mubadala Investment from Abu Dhabi, have already begun preparations for the upcoming IPO. It is still at the stage of seeking consultants, so representatives of both companies refrained from commenting on this topic.
Recall that Mubadala became the owner of AMD’s production assets in 2009, at the same time as a result of a deal with the latter of the companies, GlobalFoundries was formed. Arab investors initially actively financed business development by building new factories in the United States and purchasing Chartered Semiconductor assets in Singapore, but later large volumes of capital expenditures began to burden them, and a few years ago the company abandoned the development of 7nm technology, preferring to focus on more mature technologies. … The current management of GlobalFoundries even believes that in the face of a shortage of semiconductors, the company is in an advantageous position, since its enterprises are concentrated in Germany and the United States, and specialization lies in the use of mature lithography. All that remains is to back up these advantages with capital, which the company intends to do through a public offering.
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