Globalfoundries looking for buyer, hynix and samsung the most interested

GlobalFoundries is looking to be sold by its investors, after a strong downsizing and the recent separation of some of its assets in Singapore.

GlobalFoundries is the third largest semiconductor manufacturer

A while back we learned that GlobalFoundries was abandoning the development and manufacturing of cutting-edge chips, staying out for the 7nm race. Now, with this information, we understand why.

GlobalFoundries once promised to lead 7nm and 5nm node manufacturing, but the company stayed out of the 10nm race, causing AMD, its largest customer, to seek 7nm supplies at TSMC. GlobalFoundries is the third largest semiconductor provider in the world, with an 8.4% market share, behind TSMC and Samsung. Intel does not offer manufacturing services to third parties, as its laboratories are fully dedicated to manufacturing its own products.

GF retired from node manufacturing at 7nm

GlobalFoundries' main investor is Abu Dhabi-based Mubadala Technology, which has a 90% stake in the company. Korean semiconductor companies Samsung and SK Hynix are reportedly about to buy GlobalFoundries as it would give them a key presence in the United States with their facilities in upstate New York.

According to experts, it is highly unlikely that Global Foundries could be bought by any Chinese company, because the CFIUS (Committee on Foreign Investment in the United States) would block the sale, due to the trade restrictions that Donald Trump imposed on that country.

"Among the most potential candidates are South Korean companies like Samsung Electronics and SK Hynix." "Samsung could increase its market share to 23% if it acquires GlobalFoundries . " An industry source said. We will see what happens.

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