globalFoundries public IPO

[AthrunZ]

 

Summary

GlobalFoundries, one of the largest chip manufacturers has begun the process of filing for an IPO

globalFoundries web page

 

Quotes

Quote

Malta, NY, October 4, 2021 – GlobalFoundries® (GF®), a global leader in feature-rich semiconductor manufacturing, today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its ordinary shares.

 

My thoughts

Given the gangbusters year semiconductors has had with the pandemic, and no end in sight to the shortage, now seems like a great opportunity to enter into the public space. This means they will finally be publicly compared to the gorillas like TSMC and Samsung not just by their semiconductor products but also financially. 

 

Sources

globalFoundries web page

[Lightwreather]

Huh, ig Intel did not buy GloFo

Well, this should be interesting nonetheless

[AthrunZ]

7 minutes ago, J-from-Nucleon said:

Huh, ig Intel did not buy GloFo

Well, this should be interesting nonetheless

Yeah, it pretty much nixes the rumor that Intel would buy GF, and also confirms that Intel will be building their foundry business up themselves (eg without buying another one)

[Taf the Ghost]

4 hours ago, J-from-Nucleon said:

Huh, ig Intel did not buy GloFo

Well, this should be interesting nonetheless

 

4 hours ago, AthrunZ said:

Yeah, it pretty much nixes the rumor that Intel would buy GF, and also confirms that Intel will be building their foundry business up themselves (eg without buying another one)

 

GloFo had been planning the IPO for a while. The Intel rumors were either Intel knowing this and "kicking the tires" before it happened OR some group involved with the IPO trying to push the launch price up. Or both.