World’s fourth-largest chip maker GlobalFoundries files for IPO that could value company at US$25 billion

GlobalFoundries has filed confidentially with U.S regulators for an initial public offering (IPO) in New York that could value the chip maker at around US$25 billion (HK$194 billion), people familiar with the matter said on Wednesday.The move is the clearest sign yet that GlobalFoundries, which is owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, is not eager to accept a potential tie-up with Intel Corp, which The Wall Street Journal reported last month was in talks to acquire…

Share this:

What do you think?

Written by Headlines

Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Afghanistan withdrawal a ‘stupid plan’ that armed Taliban with US weapons and abandoned allies, ex-grunt says

Erdogan Welcomes “Cooperation” With Taliban As Turkey Builds Border Wall To Stop Refugee Influx