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Global Foundries plans to invest


17 June 2011: Abu Dhabi based Global Foundries plans to invest $6 billion (approx.27, 300 crore) by December 2012 to boost up the manufacturing capacity at Dresden, Singapore and New York. Advanced Technology Investment Company (ATIC), the government possesed owns 87 percent of Global Foundries, is looking at increasing manufacturing capacity in, it said in a statement.


Source: Arabianbusiness