GlobalFoundries aims to hit profitability in 2015

Bright Side of News reports GlobalFoundries is on track to become profitable by 2015. AMD's former manufacturing arm posted significant losses in its first years, but recorded investments of over $10 billion and also acquired Chartered Semiconductor.

Mubadala Abu Dhabi made an executive decision not just to keep funding the ATIC arm, but also decided to invest further three billion dollars in expanding the capabilities of GlobalFoundries. Recently, GlobalFoundries made an announcement that the company is on track to deliver the 14nm process (14XM) in 2014, shortening the life span of its 20nm process node to a bare minimum. The foundry expects to manufacture bulk of its silicon using 28nm during 2013, with 14XM coming online the year after. 14XM process will offer both FinFET (tri-gate, 3-D transistors) and Fully Depleted SOI, and could offer better transistor performance than Intel - at least, that's what was told to us by sources from SIA (Semiconductor Industry Association).

The site also writes that plans to set up shop in Abu Dhabi have been delayed, originally GlobalFoundries planned to open a fab in Abu Dhabi by 2015, but it now looks like it won't happen before 2018-2020.

Another rumor is that Singapore's government isn't happy with the lack of investment that GlobalFoundries made following the acquisition of Chartered. BSN claims there are serious talks between Temasek (the Singaporean government's investment arm) and a semiconductor manufacturer about opening a plant in Singapore.