31 Aug '15, 8am

China semiconductor investment fund reportedly targets Globalfoundries

China semiconductor investment fund reportedly targets Globalfoundries Josephine Lien, Taipei; Steve Shen, DIGITIMES [Monday 31 August 2015] China's National Integrated Circuit Industry Investment Fund reportedly has targeted Globalfoundries for acquisition in order to allow China to secure 14nm FinFET foundry process technology in a fast manner, according to sources from Taiwan's semiconductor industry. China-based Hua Capital Management, which manages the national semiconductor industry investment fund on behalf of the central government, has approached Globalfoundries for possible cooperation through an investment bank, said the sources. Meanwhile, Abu Dhabi's Advanced Technology Investment (ATIC), a major shareholder of Globalfoundries, is said to have a willingness to release its holdings in Globalfoundries, a move which may accelerate the planned acquisition deal, th...

Full article: http://www.digitimes.com/news/a20150831PD209.html

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