The Daily Gazette
The Locally Owned Voice of the Capital Region

$ for new equipment

Fab 8 to get $10B shot

GloFo officials say infusion not tied to Fab 8.2 proposal

Exterior of Global Foundries on Friday afternoon.
Photographer: Marc Schultz
Exterior of Global Foundries on Friday afternoon.
Text Size: A | A

The Abu Dhabi investment company that owns GlobalFoundries plans to spend an additional $10 billion at Fab 8, its chief executive officer told the Reuters news agency on Friday. The comments by Ibrahim Ajami, CEO of the Advanced Technology Investment Co., indicate a plan to invest in new equipment and not necessarily a second computer chip factory at the Fab 8 site, a company spokesman said. “We have received commitments from Mubadala [a parent Abu ...

You Must Log-In or Subscribe to Continue Subscription Offer Individual stories can be found and purchased from our Archives for $2.00



There are currently no posts. Be the first to comment on this story.