"Am I setting very aggressive targets? Yes. We need to be a $5 billion company in the next two to three years," a Bloomberg report quoted Ibrahim Ajami, chief executive officer of Advanced Technology Investment Co. (ATIC), as saying. ATIC is the government-owned investment company that has a majority stake in GlobalFoundries.More info at EE Times.
Unfortunately, $5 billion in annual sales won't quite get GlobalFoundries to 30 percent and it will be up against a dominant market leader in Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). In 2009 TSMC was ranked the top foundry with about 45 percent of a market worth about $20 billion. It was three times larger than its nearest rival, United Microelectronics Corp. That market is expected to grow strongly in 2010 and 2011.
GlobalFoundries wants 30 percent of foundry market by 2013
Posted on Sunday, February 07 2010 @ 17:35 CET by Thomas De Maesschalck