Mubadala Development Company
 |
|
| (Government owned) | |
| Industry | Diversified Investments |
| Founded | October 2002 |
| Headquarters | Abu Dhabi, United Arab Emirates |
|
Key people
|
HH Sheikh Mohammed bin Zayed Al Nahyan, Chairman Khaldoon Khalifa Al Mubarak, CEO and Managing Director |
| Revenue |
 US$8.522 billion (2012) |
|
US$35.9 million (2012) |
|
| Total assets |
US$55.21 billion (2012) |
| Total equity |
US$37 billion (2012) |
|
Number of employees
|
700 (2011) |
| Website | www |
| Founded | 2008 |
|---|---|
| Headquarters | Abu Dhabi, UAE |
|
Key people
|
Ibrahim Ajami (CEO) |
| Website | www |
Mubadala Development Company PJSC (Mubadala) is a state-owned holding company that can be characterized as a National Wealth Fund. It was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates.
Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy. Its focus is on managing long-term, capital-intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate.
Advanced Technology Investment Company (ATIC) is an investment company in the high-technology sector, owned by Mubadala Development Company, a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates.
ATIC wholly owns GlobalFoundries, the world’s second largest semiconductor foundry company by revenue.
It also works to build what they describe as a technology ecosystem in Abu Dhabi, funding over AED 100 million in local R&D activities and supporting educational initiatives that have thus far reached over 1,000 UAE Nationals.
ATIC was established in 2008. Through a joint venture, ATIC and Advanced Micro Devices (AMD) created the world's third largest independent foundry GlobalFoundries in early 2009. In late 2009, ATIC acquired Chartered Semiconductor Manufacturing of Singapore, the world's second largest dedicated independent semiconductor foundry. In January 2010, the two operations were integrated, and have since functioned as one company under the GlobalFoundries brand.
In August 2010, the firm joined with other investors to fund Texas-based Calxeda, a start-up company for producing ARM architecture-based computers for the server market.
It "worked with the Massachusetts Institute of Technology to develop a masters program in microelectronics at the Masdar Institute of Science and Technology in Abu Dhabi." Also in 2010, the firm joined a research partnership with the Semiconductor Research Corporation (SRC) to conduct research in the Abu Dhabi region.
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