Friday, 24 March, 2023

Chipmaker GlobalFoundries files for US IPO confidentially

<p>In a move that could value the firm at $25 bn, GlobalFoundries has confidentially filed for a US IPO. This is a clear sign that the firm is not eager to accept the potential tie-up with Intel Corp. Sources, however, said the chipmaker&#39;s plans were subject to market conditions and may change. GlobalFoundries manufactures chips for 5G, automotive, and other industries, acting as a supplier for Intel who has outsourced part of its manufacturing.</p> <p>&nbsp;</p>