In his presentation from Abu Dhabi, Manocha emphasized Globalfoundries' strong growth and advanced production achievements. The company became the No. 2 foundry in 4Q11 and earned about 40 percent of its revenue from process technologies with geometries smaller than 45 nm.
Globalfoundries is also planning to introduce a FinFET-based manufacturing process technology called 14XM just one year after it ramps a planar CMOS 20-nm process technology in 2013. Manocha also highlighted the completion of the first stage of Fab 8, a $5 billion wafer fab in Malta, N.Y., which is scheduled to produce its first commercial wafers by the end of this year or early in 2013.
Asked about construction of the Abu Dhabi fab, Noonen replied: "The purpose of Mubadala has not changed. A healthy Globalfoundries is good for everyone involved. Globalfoundries already has a presence in Abu Dhabi. We're looking forward to making the most of the global part of Globalfoundries."
ATIC is thought to have committed about $12 billion to the Globalfoundries project so far, including about $5 billion acquiring the manufacturing assets of Advanced Micro Devices Inc. in Dresden, Germany, and of Chartered Semiconductor Manufacturing in Singapore. Globalfoundries' capital expenditure was more than $5 billion in 2011, partly due to construction of Fab 8. Manocha said planned capex for 2012 is about $3 billion. Globalfoundries capex is also expected to be about $3 billion in 2013.
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