Atic gets ready for chip challenge - SEMIS in the ME

An interesting article on the scale of ambitions in Abu Dhabi, of particular import given that a seemingly non-profit maxizing firm (in this case ATIC) intends to compete in an industry which almost tragio-comic boom/bust cycles and margin pressures (even for the likes of TSMC, regardless what FT says). “For the next three years we’re going to invest whatever it takes to build this company up,” Mr Ajami. “I want to make sure that Globalfoundries grows faster than any other global foundry [chip manufacturing] company in the world.” Mr Ajami’s financial targets are simply revenues – “top line in year one and top line in year two”, as he puts it. “The core theme of the Chartered acquisition was really customers, and it is really the driving force behind that acquisition,” he says. via FT.com / Companies / Industrial Goods - Atic gets ready for chip challenge.