Advanced Technology Investment Company (ATIC) is an investment company in the high-technology sector,[1] owned by Mubadala Development Company.
ATIC has signaled interest in investing in high-technology companies and centers in Europe, the U.S. and Asia.[2]
ATIC was established in 2008. Through a joint venture, ATIC and Advanced Micro Devices created the world's third largest independent foundry GlobalFoundries in early 2009.[3]
In late 2009, ATIC acquired Chartered Semiconductor Manufacturing of Singapore, the world's third largest dedicated independent semiconductor foundry.[4][5]
In January 2010, GlobalFoundries officially integrated operations with Chartered Semiconductor Manufacturing, and since that time have functioned as one company under the GlobalFoundries brand.[6]
In August 2010, ATIC joined with other investors to fund Texas-based Calxeda, a start-up company which will eventually provide ARM-based computers for the server market.[7]
ATIC simultaneously “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.”[8][9]
Also in 2010, ATIC joined a university research partnership with the Semiconductor Research Corporation (SRC) to conduct research in the Abu Dhabi region.[10]
In 2011, ATIC announced investments of $5.5 billion to expand manufacturing in Singapore, Dresden, Germany, and Saratoga County in New York state.[11][12]
ATIC also announced a $6-$8 billion computer chip factory in Abu Dhabi in development for completion in 2012.[13]
Ibrahim Ajami is the Chief Executive Officer. He oversaw the joint venture between ATIC and Advanced Micro Devices (AMD) of the creation of GLOBALFOUNDRIES .[14]