Alot of good information in the full article from March 2013 http://electronics360.globalspec.com/article/74/here-comes-globalfoundries-the-upstart-is-now-2

This is one section.

GlobalFoundries’ Deep Pockets in Abu Dhabi

When Advanced Micro Devices’ (AMD) spun off its fab operations in 2009, it retained a minority stake in the new company named GlobalFoundries. The new majority partner was Advanced Technology Investment Company (ATIC) of Abu Dhabi, a wholly owned subsidiary of Mubadala Development Company PJSC, which is itself wholly owned by the government of Abu Dhabi. Mubadala was formed in 2002 as the government’s principal agent to diversify the Abu Dhabi economy.

For the first half of 2012, Mubadala reported approximately $200 billion in total assets under management and revenue of nearly $16 billion. The company’s investments span more than a dozen industries including aerospace, energy, medical, semiconductors and utilities.

In March 2012, Mubadala increased its ownership of GlobalFoundries to 100 percent when it purchased AMD’s remaining stake in GlobalFoundries. Mubadala holds a 19.4 percent stake in AMD, according to the company.

ATIC’s CEO Ibrahim Ajami headed Mubadala’s acquisition of an 8.1 percent stake in AMD in 2007 and led the joint venture transaction between ATIC and AMD to establish GlobalFoundries in January 2009. He also managed the acquisition of Chartered Semiconductor in 2009. In June 2011, Ajami was named vice-chairman of GlobalFoundries at the same time James Norling, the former chairman of Charter Semiconductor, was named executive chairman and Ajit Manocha was named interim CEO.

Five months later, Manocha was named CEO of GlobalFoundries. He has over 30 years of experience in the semiconductor industry having held senior positions at Spansion, NXP and AT&T Microelectronics. Last November he was elected chairman of the Semiconductor Industry Association.

By Steve Scheiber