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Wednesday, 08/18/2021 4:18:09 PM

Wednesday, August 18, 2021 4:18:09 PM

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Some news pertaining to Global Foundries today on their IPO initiative:

https://www.reuters.com/technology/exclusive-chipmaker-globalfoundries-files-confidentially-us-ipo-sources-2021-08-18/

GlobalFoundries Inc has filed confidentially with U.S regulators for an initial public offering (IPO) in New York that could value the chipmaker at around $25 billion, people familiar with the matter said on Wednesday.

The move is the clearest sign yet that GlobalFoundries, which is owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co (MUDEV.UL), is not eager to accept a potential tie-up with Intel Corp (INTC.O), which the Wall Street Journal reported last month was in talks to acquire the U.S. chipmaker.....

.....GlobalFoundries is expected to reveal its IPO filing in October and go public by the end of the year or early next year, depending on how quickly its application is processed by the U.S. Securities and Exchange Commission (SEC), the sources said.

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