TheBrief
Foreword
Welcome to The Mubadala Brief
As we head toward the last quarter of 2026, this issue of The Mubadala Brief brings you a roundup of recent developments across the portfolio.
This edition looks at the growth of advanced industries across the UAE, from aerospace to health care. On the international front, read about our investments in mobility and freight brokerage, as well as how AI data centers could soon be faster and more efficient. Plus, what’s next on the calendar.
But first, a look at our commitments in the United States, one of our largest investment markets.
Opening Outlook
The US offers key opportunities
Mubadala has commitments worth US$ 170 billion (approx. AED 624 billion), or about 44% of the portfolio, in US investments across AI, semiconductors, energy, health care and advanced manufacturing.
He made the remarks at August’s Milken Institute Business Dialogue in collaboration with Mubadala, an event held alongside the Mubadala DC Open.
Mubadala now has more than 80 direct investments in the US, including the semiconductor manufacturer GlobalFoundries, which recently secured a US$ 300 million federal award; more on that below.
Also in our portfolio is the US energy company NextDecade, as well as projects in infrastructure with Sempra, Gulf Coast Express and Transportation Equipment Network. Read the full story in The National →
Perspective
Will Ahmed, Founder and CEO of WHOOP, explains how the brand’s new office in Abu Dhabi creates a critical footprint for growth in the GCC, as well as Africa, Asia and other markets. He was speaking to Brian Lott, Chief Communications Officer at Mubadala, in a special episode of The Exchange podcast, recorded at the Mubadala DC Open in Washington. Several million people now use WHOOP in 56 countries. Tune in →
Portfolio Spotlight
R&D boost for AI chips
Mubadala portfolio company GlobalFoundries has signed a letter of intent for up to US$ 300 million in US federal funding to accelerate silicon photonics technology, which powers more efficient AI data centers.
Silicon photonics transmits information with light rather than electrical signals, enabling higher bandwidth, greater interconnect density and lower power consumption.
The technology supports the AI infrastructure and data centers driving the global economy.
As the AI boom continues, major technology companies are on track to spend more than US$ 650 billion this year, according to Reuters. The demand has accelerated the need for more efficient compute.
AI chips are forecast to reach 50% of the total semiconductor market by 2030, according to JLL.
GlobalFoundries’ recently introduced SCALE platform targets performance of 400 gigabits per second and up to five times greater energy efficiency than current-generation implementations. View the announcement →
Deal Book
Recent action across the portfolio
From autonomous mobility to freight and aerospace, here are three of Mubadala’s recent commitments:
Advancing the UAE’s aerospace sector
Dimas Douglas Tomelin, Chief Strategy and Innovation Officer of Embraer S.A., and Amer Siddique, Executive Director at Mubadala’s UAE Investments Platform, shaking on the deal in Farnborough
The UAE’s aerospace sector is soaring higher following a July agreement between Mubadala and Embraer, the Brazilian aircraft manufacturer. The partnership creates new opportunities for UAE aerospace companies and supports the nation’s objectives under Operation 300bn and the Abu Dhabi Industrial Strategy. The two organizations will also work to develop and scale next-generation aerostructures technologies. The agreement was signed at the Farnborough International Airshow. Get the details →
Investing in autonomous mobility
Mubadala led a US$ 250 million Series C investment into Moove, taking the global mobility company to a US$ 2.1 billion valuation. The round was co-led by Woven Capital, Toyota’s Growth Fund and Ion Pacific, with participation from BlueCrest Capital Management and Sona Capital. The funds will expand Moove’s autonomous vehicle and robotic infrastructure business, as the market accelerates from breakthrough technology to scaled deployment. Moove operates 42,000 vehicles in 29 countries. Discover more →
Driving freight brokerage forward
Mubadala Capital has announced it will acquire a majority equity stake in Arrive Logistics, an Austin, Texas-based truckload brokerage, as the company looks to expand its services and technology. The company moves freight across the US, Canada and Mexico for more than 5,500 customers. The transaction is expected to close in the fourth quarter of 2026. Navigate to the news →
Video Insights
Building for what comes next
Bold Moves is a new three-part video series from Mubadala that spotlights the mindset behind long-term investing and the ability to recognize opportunity early.
Episode 1, Quiet Belief, explores the long-term thinking behind the way we invest. Through reflections on semiconductors, renewables, AI and data centers, the episode examines how early conviction, patient capital and disciplined decision-making help transform emerging opportunities into industries that shape the future. Play Quiet Belief →
Sector Focus
Supporting kidney health
Wellpharma, a Mubadala Bio subsidiary, began producing hemodialysis concentrate solutions in the UAE this July, the first time these products have been locally manufactured.
The launch introduces eight hospital-grade solutions to support people with kidney failure. The life-sustaining treatment helps restore electrolyte balance and remove waste products from the bloodstream when the kidneys can no longer function effectively.
The solutions are produced in Abu Dhabi.
Chronic kidney disease is on the rise globally and affects close to 800 million people. The significant health challenge is often linked to rising rates of diabetes, hypertension and obesity. Inside a UAE first →
EXECUTIVE DIARY
Khaldoon chairs WEF leadership meeting
Our Managing Director and Group CEO, Khaldoon Khalifa Al Mubarak, who chairs the World Economic Forum’s International Business Council (IBC), participated in the organization’s August Leadership Meetings in Geneva, Switzerland. The meetings brought together leaders from across the Forum’s governance bodies, including the IBC, Board of Trustees, Community of Chairpersons and selected industry communities.
As part of the IBC program, Al Mubarak moderated a discussion on the global economic outlook and the key forces shaping the next phase of growth. The conversation focused on the rapid expansion of AI and digital infrastructure, growing energy sector investment, the mobilization of private capital, and opportunities to drive employment and productivity in emerging markets. Visit our LinkedIn →
Calendar
Save these dates
Over the next few months, here’s where Mubadala will engage with partners and communities around the world.
| 14–20 Sept. | SP Open WTA tennis tournament São Paulo |
| 28 Sept.–1 Oct. | SuperReturn Asia Global private-markets summit Singapore |
| 29 Sept.–1 Oct. | Livex Livability and investment exhibition Abu Dhabi |
| 7–9 Oct. | Milken Institute Asia Summit Theme: Leading with Intelligence Singapore |
| 7–18 Oct. | Rolex Shanghai Masters ATP Masters 1000 tennis Shanghai |
| 7–8 Dec. | Milken Middle East and Africa Summit Innovation spotlight and partnerships platform Abu Dhabi |
Podcast | The Exchange
Dialogue, perspectives and sharing ideas
Mubadala means exchange in Arabic. The name reflects the dialogue, perspectives and the exchange of ideas at the heart of the way we work. Find out more in our podcast series, where Mubadala insiders discuss investing, leadership and building for lasting growth. Hosted by Mustafa Al Rawi.
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The Mubadala Brief is published by The Circuit in partnership with Mubadala Investment Company.
