Abu Dhabi investor in chip giant GlobalFoundries sees exponential growth for the industry

📆 13/12/2564 12:57:00
📰 CNBC

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GlobalFoundries previously acknowledged that the semiconductor industry will require 'a significant increase in investment to keep up with demand.'

The semiconductor industry is on track to record exponential growth over the next decade, according to the CEO of Abu Dhabi sovereign wealth fund Mubadala, who said chipmakers are poised to play a "crucial" role in the global economy.

"It took 50 years for the semiconductor business to turn into a half a trillion-dollar business. It's going to take probably eight to 10 years to double. And it's going to double right after that, probably in four to five years," Khaldoon Al Mubarak told CNBC's Hadley Gamble in an exclusive interview.

Mubadala is Abu Dhabi's state investment fund and manages roughly $240 billion in assets. It is also a major shareholder of chipmaker

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