ATIC Recognized for “Best M&A Deal” in the Middle East
EMEA Finance Magazine Recognizes ATIC Acquisition
The Advanced Technology Investment Company (ATIC) of Abu Dhabi has been selected by international industry magazine EMEA Finance to receive the ‘Best M&A deal Middle East 2009’ award. The honor recognizes ATIC’s US$1.8billion acquisition of Chartered Semiconductor Manufacturing of Singapore, announced in September 2009.
The award will be presented at the EMEA Finance Achievement Awards Charity Dinner in held in London on June 9, 2010.
“Through our acquisition of Chartered, we were able to combine the technology and talent of mainstream manufacturing capabilities and foundry expertise with the leading-edge technologies of GLOBALFOUNDRIES,” said Ibrahim Ajami, chief executive officer of ATIC. “It is an honor to be recognized by EMEA Finance for this acquisition, which strengthens our offering to the customers and our development as a leader in the global semiconductor industry.”
ATIC’s portfolio company, GLOBALFOUNDRIES, a U.S.-based, leading-edge semiconductor manufacturing company, fully integrated operations with Chartered in January 2010, and has since been functioning as one company under the GLOBALFOUNDRIES brand. GLOBALFOUNDRIES is now the world's first full-service semiconductor foundry with a truly global manufacturing and technology footprint across Asia, Europe and the United States.
This is ATIC’s second award for excellence in M&A deal-making. ATIC was also recognized earlier this year for its 2009 acquisition of AMD’s manufacturing facilities and was awarded “GLOBAL M&A DEAL of the YEAR” by the Global M&A Network.