Malta Development Blog

GlobalFoundries: A Growing Malta Company

[fa icon="calendar'] 1/16/15 9:00 AM / by Malta Development posted in globalfoundries malta, In The Community, in the community, Malta, malta companies

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The recent announcement that GlobalFoundries has acquired IBM’s global commercial semiconductor technology business makes the company the holder of one of the largest semiconductor patent portfolios in the world. The purchase is an additional investment of $1.5 billion in semiconductor technology. This agreement also means that GlobalFoundries becomes IBM’s exclusive server processor provider for the next ten years. The Times Union called it one of the largest business deals in our region's history.

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