Mubadala

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Global and responsible investing Technology, Manufacturing & Mining

2017 was a watershed year for the Technology, Manufacturing & Mining  businesses; highlights included the global expansion of GLOBALFOUNDRIES across three continents and the continued positive impact being in made in the Republic of Guinea through Guinea Alumina Corporation (GAC).

GLOBALFOUNDRIES’ global expansion

GLOBALFOUNDRIES’ global expansion

GLOBALFOUNDRIES is a leading full-service semiconductor design, development, fabrication and innovation company with a global manufacturing footprint. It counts more than 25,000 patents and applications and proudly serves more than over 250 customers.

GLOBALFOUNDRIES operates in five manufacturing centers, with around 18,000 employees, across three continents: Malta, East Fishkill and Burlington in the US, Dresden in Germany; and  Singapore with its newest facility under construction in Chengdu, China. The company is a leader in enabling connected intelligence.

  • CMOS (both leading and lagging edge wafer production)
  • Radio Frequency (or “RF”)
  • Application Specific Integrated Circuits (“ASICs”), and
  • Aerospace & Defense.

 

In 2017, GLOBALFOUNDRIES successfully ramped its most technologically advanced facility in Malta, upstate New York, delivering 14 nanometer (nm) technology to some of the largest fabless players in the industry at best-in-class product yields. Revenue at the site grew five-fold compared to the prior year.

In expanding its global footprint, GLOBALFOUNDRIES launched a strategic partnership with Chengdu, China, breaking ground on a world-class 300 millimeter (mm) fab, set to begin operations in late 2018. This move is complemented by the formation and development of an ecosystem targeting multiple design centers in Chengdu and university programs across China. An ecosystem fund of US $500 million is expected to attract leading semiconductor companies to Chengdu, making it a center of excellence for designing next-generation chips in mobile, Internet-of-Things, automotive and other high-growth markets.

Investing in local communities

Guinea Alumina Corporation: Investing with purpose

Guinea Alumina Corporation (GAC) is a wholly owned subsidiary of Emirates Global Aluminium (EGA), the UAE’s largest industrial company, 50 percent owned by Mubadala. GAC is making the largest green-field investment in the Republic of Guinea in the past 40 years – an investment set to deliver long-term, transformative benefits to both the Republic and the UAE. 

GAC’s first phase, a bauxite mine and associated export facilities in Guinea’s Boké region, will become a global top-5 bauxite export mine.

Some 3,000 people are currently working to build GAC’s project, of which more than 80 percent are Guinean, a testament to GAC’s support in creating economic opportunity in its local area.

Beyond the temporary employment opportunities created during the construction and permanent jobs in the future operation of its facilities, GAC looks to deliver broader economic benefits by prioritizing locally sourced goods and services. This includes bespoke training offered to suppliers to enable them to bid more effectively for available contracts. To date, Guinean companies have been awarded contracts for goods and services in excess of US $23.2 million.

Since 2014, GAC has built five health centers in Guinea, and has actively led several health-related initiatives. These include the ongoing fight against malaria, which has seen the company distribute thousands of mosquito nets among local communities, with more than 25,000 planned for distribution over the coming year.

At a national level, GAC donated US $250,000 to support UNICEF’s sanitation and education efforts during the Ebola crisis, and it constructed Guinea’s first medical center focused on sickle cell anemia, which is prevalent among the Guinean population. 

In terms of education initiatives, since 2014, GAC has trained more than 500 young people in vocational skills that directly support construction and mining activities, such as carpentry, plumbing, welding and electrical services. It has also constructed or renovated nine schools that benefit more than 5,500 children.

Another aspect of GAC’s community outreach has involved the enhancement of food security in several communities through agricultural projects, as well as by training young farmers. These projects have included the development of watering systems using solar pumping devices, the installation of fencing, and other enhancements to agricultural practices. Nearly 3,000 fruit trees have been planted as part of these activities.

GAC subscribes to the International Finance Corporation’s performance standards for environmental and social responsibility, and the Equator Principles. Its environmental controls include specific management plans for bio-diversity, erosion and sediment control, water, rehabilitation and reforestation, dredging and waste disposal.