Saudies must be serial gamblers because they seem to invest Roulette style first with LiarFoundries, now with ARM. With Arab economy not doing so great, they must be looking for something that will pay off eventually. They don't seem to mind overpaying for now. If they lose with LiarFoundries, maybe they'll make it up with ARM. Lack of further investment into US LiarFoundies speaks volumes.
This is strange but at least Mubudala is learning. They are investing in the dominant number one leader in mobile SOCs.
Maybe they learned the lesson of GloFo fail? No significant volume of ARM cores get ran in that GloFo disaster zone.
Hey Khaldoon Al Mubarak and Ahmed Yahia, when are you guys going to end your GloFo disaster? You are sinking billions a year in that failure that is bleeding like a stuck pig. Do you enjoy that constant loss of money from your GloFo disaster?
Nice move to invest in ARM. They are the number one leader in mobile CPU, just like TSMC is the dominant number one in foundry.
Even though 32B for an IP company making 1.5B a year was a completely psycho level of investment. No wonder he was seeking some petro dollars.