Officials from GlobalFoundries announced Wednesday that they have secured their first non-AMD related client.
The Switzerland-based STMicroelectronics (STMicro) has partnered with GlobalFoundries who will produce products based on 40 nanometer Low Power bulk silicon technology--chips found in small electronics, wireless applications and handheld devices which require quick performance and long battery life.
These chips will be produced in Fab 1, based in Dresden, Germany. It is still unclear if Fab 2, the site in Malta, will have any part of the production when it opens in 2012.
In a public statement, GlobalFoundries Chief Executive Officer Doug Grose explained the mission of GlobalFoundries.
"When we launched GlobalFoundries, our long-term vision was to bring a new business model to the foundry market and to become the partner of choice for the largest and most innovative semiconductor design and manufacturing companies," Grose said. "With the addition of an industry leader in low-power technology like STMicroelectronics, we now begin to deliver on this vision. We look forward to harnessing our full capabilities for ST to provide best-in-class service in bringing their 40nm design innovation to life in high volumes and at mature yields."
According to Jean-Marc Chery, CEO of MTMicro, the company needed to find a cutting edge chip fab to produce their products.
In a statement Chery said, "To ensure ample capacity for our customers/partners at the leading-edge of low-power design, STMicro needs an agile and high-performance manufacturing partner that can adapt to our changing needs. With a strong commitment to manufacturing and technology excellence at the leading-edge, we believe GlobalFoundries is an excellent partner to collaborate on low-power design innovation in 2010 and beyond."
Since GlobalFoundries spun off from AMD in March, they have been trying to add new clients. Formerly, AMD was their only client. According to a press release, GlobalFoundries' June quarter ended with about $877 million in cash and securities, down from March's $1.2 billion. By adding STMicro as a client, revenues are expected to rise for the new company.
In October 2008, Advanced Micro Devices (AMD) of Sunnyvale, Calif. and Advanced Technology Investment Company (ATIC) of Abu Dhabi announced the creation of a leading-edge global semiconductor manufacturing company to address the growing demand for independent, state-of-the-art foundry production capabilities. On March 2, 2009, the companies announced the creation of GlobalFoundries. AMD received $700 million from ATIC for 65.8 percent interest in GlobalFoundries. The new company also assumed responsibility for $1.1 billion of AMD's debt.
These chips will be produced in Fab 1, based in Dresden, Germany. It is still unclear if Fab 2, the site in Malta, will have any part of the production when it opens in 2012.
In a public statement, GlobalFoundries Chief Executive Officer Doug Grose explained the mission of GlobalFoundries.
"When we launched GlobalFoundries, our long-term vision was to bring a new business model to the foundry market and to become the partner of choice for the largest and most innovative semiconductor design and manufacturing companies," Grose said. "With the addition of an industry leader in low-power technology like STMicroelectronics, we now begin to deliver on this vision. We look forward to harnessing our full capabilities for ST to provide best-in-class service in bringing their 40nm design innovation to life in high volumes and at mature yields."
According to Jean-Marc Chery, CEO of MTMicro, the company needed to find a cutting edge chip fab to produce their products.
In a statement Chery said, "To ensure ample capacity for our customers/partners at the leading-edge of low-power design, STMicro needs an agile and high-performance manufacturing partner that can adapt to our changing needs. With a strong commitment to manufacturing and technology excellence at the leading-edge, we believe GlobalFoundries is an excellent partner to collaborate on low-power design innovation in 2010 and beyond."
Since GlobalFoundries spun off from AMD in March, they have been trying to add new clients. Formerly, AMD was their only client. According to a press release, GlobalFoundries' June quarter ended with about $877 million in cash and securities, down from March's $1.2 billion. By adding STMicro as a client, revenues are expected to rise for the new company.
In October 2008, Advanced Micro Devices (AMD) of Sunnyvale, Calif. and Advanced Technology Investment Company (ATIC) of Abu Dhabi announced the creation of a leading-edge global semiconductor manufacturing company to address the growing demand for independent, state-of-the-art foundry production capabilities. On March 2, 2009, the companies announced the creation of GlobalFoundries. AMD received $700 million from ATIC for 65.8 percent interest in GlobalFoundries. The new company also assumed responsibility for $1.1 billion of AMD's debt.
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