Globalfoundries seeks Nasdaq listing

Globalfoundries has filed for an initial public offering in the US, aiming for a listing at the Nasdaq. Currently, the world’s third-largest semiconductor foundry is wholly-owned by Mubadala Investment, an investment fund of the Abu Dhabi government. Mubadala intends to retain “substantial control” after the offering.

Formed in 2008, Globalfoundries is the former manufacturing arm of AMD, to which Singapore’s Chartered Semiconductor was added later. The company has three US plants, one of which has been purchased by On Semiconductor. In addition, Glofo runs a fab in Dresden, Germany and another in Singapore.