GlobalFoundries investor Mubadala sees growth for ... - CNBC

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GlobalFoundries previously acknowledged that the semiconductor industry will require "a ... Stock picks and investing trends from CNBC Pro:. SkipNavigationMarketsBusinessInvestingTechPoliticsCNBCTVWatchlistCramerPROMenuKeyPoints"Ittook50yearsforthesemiconductorbusinesstoturnintoahalfatrillion-dollarbusiness.It'sgoingtotakeprobablyeightto10yearstodouble,"KhaldoonAlMubarak,CEOofMubadala,toldCNBC'sHadleyGambleinanexclusiveinterview."Andit'sgoingtodoublerightafterthat,probablyinfourtofiveyears."MubadalaisAbuDhabi'sstateinvestmentfundandmanagesover$240billioninassets.ItisalsoamajorshareholderofchipmakerGlobalFoundries,recentlyraisingalmost$2.6billioninaninitialpublicoffering—oneofthelargestonaU.S.exchangethisyear.VIDEO3:0903:09MubadalaCEOKhaldoonAlMubarakonthewealthfund'ssemiconductorinvestmentsTechThesemiconductorindustryisontracktorecordexponentialgrowthoverthenextdecade,accordingtotheCEOofAbuDhabisovereignwealthfundMubadala,whosaidchipmakersarepoisedtoplaya"crucial"roleintheglobaleconomy."Ittook50yearsforthesemiconductorbusinesstoturnintoahalfatrillion-dollarbusiness.It'sgoingtotakeprobablyeightto10yearstodouble.Andit'sgoingtodoublerightafterthat,probablyinfourtofiveyears,"KhaldoonAlMubaraktoldCNBC'sHadleyGambleinanexclusiveinterview.MubadalaisAbuDhabi'sstateinvestmentfundandmanagesroughly$240billioninassets.ItisalsoamajorshareholderofchipmakerGlobalFoundries,recentlyraisingalmost$2.6billioninaninitialpublicoffering—oneofthelargestonaU.S.exchangethisyear."So,wetakethat,asoneveryimportantdatapoint.Youcombinethatwithanotherveryrelevantdatapoint…there's[only]fivefoundrybusinesses,globalfoundrybusinesses,fourofwhichareinAsia,"headded."Oneofwhich,GlobalFoundrieshas,Ithink,theuniquedifferentiatedplatformofbeingintheUnitedStates,inEurope,andinAsia."AlMubarak'scommentscomeasdemandforchipscontinuestooutstripsupply.Theshortagehashamperedproductionacrossseveralindustries,rangingfromcarstoconsumerappliances,personalcomputersandsmartphones.Someanalystsandinvestorsexpectthesupplycrunchtopersistthroughto2023atleast,whileothersaremorebullish.GlobalFoundriesacknowledgedinitsIPOfilingthatthesemiconductorindustrywillrequire"asignificantincreaseininvestmenttokeepupwithdemand,"evenasthecompanyanticipatedthesupply-demandimbalancecouldimproveoverthemediumterm.StockpicksandinvestingtrendsfromCNBCPro:TomLeeexplainsthemarketreactiontotheFed'sdecision.HefavorsthesesectorsCreditSuissenamesitstopglobalstockpickstobeatrisinginflationThesestocksworkedthelasttimetheFedstartedhikingratesandWallStreetlikesthemnowThecompanyisthirdinthemarketforsemiconductorfabrication,behindTaiwanSemiconductorManufacturing(TSMC)andSouthKorea'sSamsung.Taiwan-basedUnitedMicroelectronicsCorporation(UMC)andChina'sSemiconductorManufacturingInternationalCorporation(SIMC)areamongtheothertopsemiconductorfoundrycompanies.GlobalFoundriesmanufactureschipsdesignedbyitscustomersforuseincontactlesspayments,batterypowermanagementtouchdisplaydriversandmanyotherpurposes.IthasthreeU.S.plants—twoinNewYorkStateandoneinBurlington,Vermont—aswellasaplantinGermanyandanotherinSingapore.—CNBC'sSaheliRoyChoudhury&AriLevycontributedtothisreport.TVWATCHLIVEWATCHINTHEAPPUPNEXT|ETListenTVWATCHLIVEWATCHINTHEAPPUPNEXT|ETListen

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