SAN JOSE, Calif. -- Chartered Semiconductor Manufacturing Pte. Ltd. has received a $2.45 billion bid from the government of Abu Dhabi to buy Temasek Holdings' near-60 percent stake in the foundry vendor, according to the Business Times.
Singapore's Chartered has received the bid from Advanced Technology Investment Co. (ATIC), a technology investment company that is wholly owned by the government of Abu Dhabi, according to the report.
It's unclear if the bid will be sucessfull. But if the deal goes through, ATIC will own two foundry vendors. Last year, Advanced Micro Devices Inc. (AMD) obtained an investment of up to $8.4 billion from the Abu Dhabi government.
As part of the deal, AMD, ATIC and Mubadala announced the creation of a foundry joint venture, now called GlobalFoundries. GlobalFoundries was the chip-making unit of AMD.