The Impact of Globalfoundries’ Acquisition of Chartered Semiconductor

According to iSuppli, the recent acquisition of Chartered Semiconductor announced by Globalfoundries yesterday has catapulted the company into the number two position among pure-play foundries in terms of revenue for the 1H 2009.

"This acquisition provides Globalfoundries the ability to produce both bulk and Silicon on Insulator (SOI) technology," Jelinek said. "Prior to this, Globalfoundries could only manufacture SOI. But even of larger significance is that prior to the acquisition the company was stuck doing things the way their largest customer – AMD – wanted. This is really not conducive to how a foundry operates. A foundry must be very service oriented. Now, they pick up the infrastructure that Chartered had in place and that’s a major boon for them."

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