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mcgrathdylan
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re: Report: Abu Dhabi's chip unit still in the red
mcgrathdylan   5/15/2012 3:58:05 AM
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Not that I have seen. I don't expect they will provide information that is that specific.

selinz
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CEO
re: Report: Abu Dhabi's chip unit still in the red
selinz   5/10/2012 9:30:42 PM
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Any indicatation on how much of that 1.2B was lost last year?

goafrit
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re: Report: Abu Dhabi's chip unit still in the red
goafrit   5/10/2012 10:05:22 AM
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Yes. Fab is not the business of today. Better run a website than going into fab. It is the most challenging business anyone can get into

mcgrathdylan
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re: Report: Abu Dhabi's chip unit still in the red
mcgrathdylan   5/10/2012 6:30:06 AM
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To clarify above comment, when Mubadala reported that ATIC lost money for the past two years and is $1.2 billion in the hole, that is completely separate from AMD's performance.

mcgrathdylan
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Blogger
re: Report: Abu Dhabi's chip unit still in the red
mcgrathdylan   5/10/2012 6:28:23 AM
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@SiliconAsia- I think this comment is off base. ATIC, I believe, doesn't own any of AMD. Mubadala, the Abu Dhabi government invest firm that also owns ATIC, owns a little more than 19 percent of AMD, according Mubadala"s website. http://mubadala.ae/portfolio/capital/assets/advanced_micro_devices_amd The ATIC deficit of $1.2 billion is cumulative, through its history, since its establishment in 2008. However, I think we can extrapolate from this report that Globalfoundries has yet to turn a profit. And, like mike655mm, I agree that foundry is a tough business.

daleste
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CEO
re: Report: Abu Dhabi's chip unit still in the red
daleste   5/10/2012 12:14:43 AM
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I guess that is why AMD spun off their fabs. It takes a lot of work and money to keep a fab full and profitable. Maybe with AMD no longer a part owner, they can pick up additional customers.

SiliconAsia
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Rookie
re: Report: Abu Dhabi's chip unit still in the red
SiliconAsia   5/9/2012 11:21:08 PM
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I agree with Mike, It looks like ATIC may not be able to recoup the investment for long - ATIC has two investments - 1) AMD and 2) GF. Since AMD actually made some money in 2011, this loss must be coming from GF side only. Imagine GF lost $1.12B out ~$3.5B revenue! This is not sustainable business!

mike655mm
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Rookie
re: Report: Abu Dhabi's chip unit still in the red
mike655mm   5/9/2012 10:57:31 PM
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It's a pretty tough, risky business

mcgrathdylan
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Blogger
re: Report: Abu Dhabi's chip unit still in the red
mcgrathdylan   5/9/2012 9:46:51 PM
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Thanks for pointing that out. It has been corrected.

danlutes
User Rank
Rookie
re: Report: Abu Dhabi's chip unit still in the red
danlutes   5/9/2012 7:33:33 PM
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Dylan, Very interesting insight to ATIC. BTW, it looks like you have an extra "owned" in the sentence: "...customers who were previously owned wary of doing business with a foundry partially owned by ..."



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