Bloomberg

GlobalFoundries CEO Says Chipmaker Sticking to 2022 IPO Plan

(Bloomberg) — GlobalFoundries Inc., a chipmaker owned by an investment arm of the Abu Dhabi government, is sticking with its plan for an initial public offering next year, according to Chief Executive Officer Tom Caulfield.Reports that GlobalFoundries is the subject of a takeover bid by Intel Corp. are speculation, he said.“There’s nothing there in that discussion,” Caulfield said Monday in an interview with Bloomberg Television. Because the chipmaker is moving toward a share sale, “you can exp

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