GlobalFoundries sticking to 2022 IPO plan, CEO Caulfield says

Bloomberg
Bloomberg7/20/2021 4:7 PM GMT+08  • 2 min read
GlobalFoundries sticking to 2022 IPO plan, CEO Caulfield says
GlobalFoundries is a "star" in Mubadala's portfolio and therefore an asset the Abu Dhabi investment firm is keen to hold on to
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GlobalFoundries Inc, a chipmaker owned by an investment arm of the Abu Dhabi government, is sticking with its plan for an initial public offering next year, according to CEO Tom Caulfield.

Reports that GlobalFoundries is the subject of a takeover bid by Intel Corp are speculation, he said.

“There’s nothing there in that discussion,” Caulfield said Monday, July 19 in an interview with Bloomberg Television. Because the chipmaker is moving toward a share sale, “you can expect a lot of speculation to take place,” he said.

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