1. 2008: Advanced Micro Devices (AMD) announces a transition to a fabless model, focusing on chip design and leaving manufacturing to a new entity. 2. 2009: GlobalFoundries was born through a joint venture between AMD and Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates. 3. 2011: GlobalFoundries acquires Chartered Semiconductor Manufacturing, expanding its global footprint and technology portfolio. 4. 2015: The company purchases IBM's Microelectronics business, further solidifying its position as a major semiconductor foundry. 5. 2021: GlobalFoundries completes its Initial Public Offering (IPO), becoming a publicly traded company.
The company serves several economic sectors, its books are in good health, and the stock price is cheaper compared to its competitors.
We will be adding Global Foundries Inc to our portfolio.