Abu Dhabi's ATIC to invest up to $10 billion in U.S. chip plant

By Stanley Carvalho ABU DHABI (Reuters) - Abu Dhabi's Advanced Technology Investment Co (ATIC) plans to invest up to $10 billion over the next two years in GlobalFoundries' upstate New York semiconductor factory, its chief executive said on Friday. ATIC owns unlisted GlobalFoundries, having completed a buyout of joint venture partner Advanced Micro Devices Inc in March 2012. ATIC is controlled by Abu Dhabi state investment fund Mubadala. "We have received commitments from Mubadala for an additional $9-10 billion for expansion of our facility in New York," ATIC Chief Executive Ibrahim Ajami told Reuters.



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