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Article: DEAL PUTS FAB 2 IN THE CHIPS.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 10, 2009
CopyrightCOPYRIGHT 2009 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MALTA -- GlobalFoundries Inc. is poised to become one of the largest computer chip foundries in the world after its investors from Abu Dhabi pledged $1.8 billion to acquire Chartered Semiconductor Manufacturing Ltd. in Singapore.
By securing additional customers for GlobalFoundries, industry analysts say, it also further solidifies the business rationale behind the Sunnyvale, Calif., company's construction of a $4.2 billion computer chip factory, known as Fab 2, at Luther Forest Technology Campus in Malta.
"In fact, this is an excellent omen for further expansion of Fab 2," said Theo Valich, editor-in-chief of Bright Side of News, an online publication ...