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Professor MD

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Professor MD

Re: Elmer Phud post# 143445

Monday, 12/28/2015 12:16:09 PM

Monday, December 28, 2015 12:16:09 PM

Post# of 152227
Elmer
Re: "Global Foundries" is not named in that article.

I assume that you knew that Mubadala (the owner of “Global Foundries”) is trying to sell Global foundries. The article I quoted explains why Mubadala is forced by the Banks (that loaned it the cash to buy Global Foundries) to sell property. (The Banks are demanding almost 40 percent higher interest for a new loan compared with already high interest last year's loan.)
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