Deals
Abu Dhabi’s ATIC Investing in Chip Plant, Sees Acquisitions
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Abu Dhabi’s Advanced Technology Investment Co. is expanding microchip production facilities from New York to Singapore and is seeking to buy companies in other businesses to boost returns for the Persian Gulf sheikhdom, a company official said.
“There are a couple of potential investments” the company is evaluating to diversify beyond semiconductors, Daniel Durn, ATIC’s executive director of investments and strategy, said in an interview in the emirate today. “We are looking for another foundational investment in another sector.”