The technology investment company owned by Abu Dhabi, and which baled out AMD by financing the Global Foundries spin off is looking to take a stake in Chartered Semiconductor.
The Wall Street Journal says that Advanced Technology Investment Co (ATIC) is in talks with Singapore state investment firm Temasek Holdings valued at around $1.62 billion. ATIC has a 65.8 percent in Global Foundries, spun off by AMD.
Temasek owns 62.33 percent of Chartered, which is a pure play foundry, taking designs from customers and fabricating them. ATIC is understood to be interested in acquiring Temasek’s entire stake in Chartered.
The move has prompted speculation that its interest in Chartered is logical, given that Global Foundries has said that it will act as a foundry, and not only for AMD. It seeks to compete with Taiwanese firms TSMC and UMC and Chartered would immediately bring existing customers to the ball, as well as creating extra capacity for Global Foundries.
The Wall Street Journal article is here (subscription needed).