The semiconductor industry has the potential to reach phenomenal results despite challenges. The semiconductor industry is on course to reach phenomenal results over the next decade. Khaldoon Al Mubarak is the current CEO of Abu Dhabi sovereign wealth fund Mubadala. He believes that chipmakers are poised to play an essential role in the global economy.
Mubadala is a significant shareholder of one of the biggest chipmakers. GlobalFoundries recently raised almost $2.6 billion in an initial public offering – one of the largest on a U.S. exchange in 2021. The company manufactures chips designed by its clients for contactless payments and many other purposes.
Currently, there are only five global foundry businesses in the world, four of which are in Asia, according to Khaldoon Al Mubarak. He also mentioned GlobalFoundries and its business empire. The company operates factories in several countries. GlobalFoundries has three plants in the U.S. It also operates a plant in Germany and another in Singapore.
Undoubtedly, it is hard to imagine the modern world without the semiconductor industry. Khaldoon Al Mubarak’s comments come as demand for chips continues to outstrip supply. The shortage affected production across a number of industries, ranging from cars to smartphones, as well as personal computers.
At least some investors and analysts expect the supply crunch to continue through 20223. The management of GlobalFoundries understands the importance of the semiconductor industry. The company mentioned in its IPO that the semiconductor industry would require a significant increase in investment to satisfy the demand.
Presently, GlobalFoundries is third in the market for semiconductor fabrication behind TSMC and Samsung. Apart from the companies mentioned above, UMC and SIMC are among the other top semiconductor foundry companies.
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