GlobalFoundries on Oct. 4 filed a draft prospectus for its planned U.S. initial public offering. The chipmaker, owned by Abu Dhabi’s sovereign wealth fund, Mubadala Investment, has not yet said how many shares it will sell or at what price. Reuters reported in August the company could seek a valuation of about $25 billion.
Revenue in the first half of 2021 was $3 billion, up 13% from the same period last year. The company lost $301 million in the first half, compared with a loss of $534 million a year earlier. In July, the Wall Street Journal reported, citing people familiar with the matter, that Intel was exploring purchasing GlobalFoundries in a deal that could value the company at $30 billion.
In June, GlobalFoundries said it would invest $6 billion to expand capacity at its factories in Singapore, Germany and the United States.A researcher plants a semiconductor on an interface board in Beijing, China, February 29, 2016.
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