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$ 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.
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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 ...

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