Advanced Technology Investment Company
| Founded | 2008 |
|---|---|
| Headquarters | Abu Dhabi, UAE |
| Key people | Ibrahim Ajami (CEO) |
| Website | www.atic.ae |
Advanced Technology Investment Company (ATIC) is an investment company in the high-technology sector,[1] owned by Mubadala Development Company.
ATIC has signaled interest in investing in high-technology companies and centers in Europe, the U.S. and Asia.[2]
Contents |
History & Growth [edit]
ATIC was established in 2008. Through a joint venture, ATIC and Advanced Micro Devices (AMD) created the world's third largest independent foundry GlobalFoundries in early 2009.[3]
In late 2009, ATIC acquired Chartered Semiconductor Manufacturing of Singapore, the world's second largest dedicated independent semiconductor foundry.[4][5]
In January 2010, GlobalFoundries officially integrated operations with Chartered Semiconductor Manufacturing, and since that time have functioned as one company under the GlobalFoundries brand.[6]
In August 2010, ATIC joined with other investors to fund Texas-based Calxeda, a start-up company which will eventually provide ARM-based computers for the server market.[7]
ATIC simultaneously “worked with the Massachusetts Institute of Technology to develop a masters program in microelectronics at the Masdar Institute of Science and Technology in Abu Dhabi.”[8][9]
Also in 2010, ATIC joined a university research partnership with the Semiconductor Research Corporation (SRC) to conduct research in the Abu Dhabi region.[10]
In 2011, ATIC announced investments of $5.5 billion to expand manufacturing in Singapore, Dresden, Germany, and Saratoga County in New York state.[11][12]
ATIC also announced a $6–$8 billion computer chip factory in Abu Dhabi in development for completion in 2012.[13]
Senior Management [edit]
Ibrahim Ajami is the Chief Executive Officer. He oversaw the joint venture between ATIC and Advanced Micro Devices (AMD) of the creation of GLOBALFOUNDRIES .[14]
Notes [edit]
- ^ "About Us", ATIC, accessed June 12, 2011.
- ^ "Globalfoundries: Seeks New CEO, To Spend $6B Until End 2012", Zawya Dow Jones, accessed July 14, 2011.
- ^ "Leadership", ATIC, accessed June 12, 2011.
- ^ “Press Release”, ATIC, accessed June 14, 2011.
- ^ “Abu Dhabi to take on Taiwan’s Chipmakers”, Financial Times, accessed June 14, 2011.
- ^ “Press Release”, ATIC, accessed Juned 14, 2011.
- ^ “Green chip start-up gets $48 million in funding”, CNET, accessed June 14, 2011.
- ^ “Abu Dhabi: High-tech mecca or mirage?”, AllItWares, accessed June 14, 2011.
- ^ “Masdar Institute – Fast Facts”, Masdar Institute, accessed June 14, 2011.
- ^ "Semiconductor Research Corporation and Advanced Technology Investment Company Chart Course for Semiconductor Research in Abu Dhabi", Nanowerk, November 11th, 2010, accessed June 12, 2011.
- ^ "Abu Dhabi’s ATIC Investing in Chip Plant, Sees Acquisitions", “Bloomberg”, May 18, 2011, accessed June 12, 2011.
- ^ “A future built on silicon”, “Arab News”, accessed June 14, 2011.
- ^ “ATIC to raise Globalfoundries stake”, “The National”, accessed June 14, 2011.
- ^ “Leadership”, “ATIC”, accessed June 14, 2011.
