The head of Advanced Technology Investment Company said that the organization backed by the government of Abu Dhabi eyes more acquisition in the high-tech segment. If ATIC acquires more semiconductor makers after Chartered Semiconductor and merges them with Globalfoundries, a joint venture between ATIC and AMD, the latter may become one of the world’s largest contract makers of semiconductors.
“We are always open to new opportunities. We won't rule out any opportunity. The first deal was in March, the second today and we are always open to more. You will see ATIC as a credible and successful leader in the semiconductor industry. We are a serious investor and in the next five years we have a clear path. ATIC is an investment company focused on high technology and we are very committed to it,” said Ibrahim Ajami, chief executive officer of ATIC, in an interview with Reuters news-agency on Monday.
Advanced Technology Investment Company already controls Globalfoundries together with Advanced Micro Devices and will gain control over Chartered Semiconductor, the third largest contract maker of semiconductors in the world.
Potentially, ATIC could acquire any company or its semiconductor business from IBM’s process technology alliance since this would automatically increase the amount of customers without bringing necessity to make huge investments into development of process technologies. The alliance, based at IBM's facility in East Fishkill, New York, includes Chartered Semiconductor Manufacturing, Globalfoundries, Infineon Technologies, NEC Electronics, Samsung Electronics, STMicroelectronics, and Toshiba.