Global Foundries filed initial public offering (IPO) filings with U.S. regulators
🟩GF chooses IPO over acquisition of Intel?
GLOBALFOUNDRIES (GF) is a semiconductor foundry based on the foundry business spun off by Advanced Micro Devices (AMD) in 2009. It is currently part of Mubadala Investment, a sovereign wealth fund in Abu Dhabi, United Arab Emirates (UAE), and is closely watched for whether it will be an initial public offering (IPO) in the US market or an acquisition by Intel.
Subject to the U.S. Securities and Exchange Commission (SEC) process, GF is rumored to announce its IPO application in October and go public by the end of the year or early next year.
🟩 For relationships with existing customers
Originally, GF was the production arm of Intel’s rival manufacturer AMD, and AMD is still a customer of GF today. It seems that Intel is concerned that the acquisition will disrupt some of Intel’s key competing customers.
There are also concerns that Intel’s acquisition could face antitrust scrutiny from the U.S. administration, which has become more hostile to tech companies.
There are rumors that GF has begun the process for an IPO
I don’t know what will happen in the end, but it is good that the business can continue under shareholders who have a passion for semiconductors.