Mubadala Discusses GlobalFoundries IPO at $20 Billion Value

Abu Dhabi firm starts preparations for listing of chipmaker
Sovereign fund holds initial talks with potential advisers

Employees walk through the GlobalFoundries semiconductor manufacturing facility in Malta, New York. — Employees walk through the GlobalFoundries semiconductor manufacturing facility in Malta, New York.
Photographer: Adam Glanzman/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Dinesh Nair, Liana Baker, Giles Turner, and Ian King

April 8, 2021 at 4:58 PM UTC

Updated on

April 9, 2021 at 8:21 AM UTC

This article is for subscribers only.

Sign up for our coming Middle East newsletter and follow us @middleeast for news on the region.

Abu Dhabi’s Mubadala Investment Co. has started preparations for a U.S. initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said.