The investment arm of the Abu Dhabi government, Mubadala, became the primary investor in the new foundry, an unexpected position for a country known more for hydrocarbons than for high-tech. CFIUS, the U.S. government body that reviews foreign purchases of strategic assets, waved the sale through, judging that it had no national security implications. But the fate of AMD’s production capabilities would end up shaping the chip industry—and guaranteeing that the most advanced chipmaking would take place offshore. GlobalFoundries, as this new company that inherited AMD’s fabs was known, entered
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