Advanced Technology Investment Company

Advanced Technology Investment Company (ATIC)
Founded 2008 (2008)
Headquarters Abu Dhabi, UAE
Key people
 Ibrahim Ajami (CEO)
Website www.atic.ae

Advanced Technology Investment Company (ATIC) is an investment company in the high-technology sector,[1] owned by Mubadala Development Company, a wholly owned investment vehicle of the Government of Abu Dhabi, in the United Arab Emirates.

ATIC wholly owns GlobalFoundries, the world’s second largest semiconductor foundry company by revenue.[2][3]

It also works to build what they describe as a technology ecosystem in Abu Dhabi, funding over AED 100 million in local R&D activities and supporting educational initiatives that have thus far reached over 1,000 UAE Nationals.[4][5]

History and growth

ATIC was established in 2008. Through a joint venture, ATIC and Advanced Micro Devices (AMD) created the world's third largest independent foundry GlobalFoundries in early 2009.[6] In late 2009, ATIC acquired Chartered Semiconductor Manufacturing of Singapore, the world's second largest dedicated independent semiconductor foundry.[7][8] In January 2010, the two operations were integrated, and have since functioned as one company under the GlobalFoundries brand.[9]

In August 2010, the firm joined with other investors to fund Texas-based Calxeda, a start-up company for producing ARM architecture-based computers for the server market.[10]

It "worked with the Massachusetts Institute of Technology to develop a masters program in microelectronics at the Masdar Institute of Science and Technology in Abu Dhabi."[11][12] Also in 2010, the firm joined a research partnership with the Semiconductor Research Corporation (SRC) to conduct research in the Abu Dhabi region.[13]

In 2011, it announced investments of $5.5 billion to expand chip manufacturing in Singapore, Dresden, Germany, and Saratoga County in New York state.[14][15] It also announced a $6–$8 billion computer chip factory in Abu Dhabi for completion in 2012.[16]

Research and development

ATIC has invested more than Dh100 million in research grants and funds since 2009 for building a globally-competitive technology R&D ecosystem within Abu Dhabi,.[17]

It partners with the Semiconductor Research Corporation, a leading university-research consortium, to drive local research towards minimum energy electronic systems.[18] It is supporting research initiatives spanning Khalifa University, UAE University, American University of Sharjah, Masdar Institute and New York University Abu Dhabi.

In May 2013, ATIC and the Semiconductor Research Corporation (SRC) launched the ATIC-SRC Centre of Excellence for Energy Efficient Electronic Systems (ACE4S), to be hosted jointly in Abu Dhabi by Khalifa University of Science, Technology and Research, and Masdar Institute of Science and Technology.[19] ATIC is investing Dh17.5 million in the project, an amount matched by Masdar Institute and Khalifa University. The total budget for the center is Dh35m spread during the initial three-year phase. The center will focus on research in four key areas: energy harvesting, power management, sensor technologies and wireless communications networks.

ATIC and the state of Saxony, Germany have invested $4.8 million in twinned laboratories that research 3-D stacking of integrated circuits. The project consists of one lab hosted at the Masdar Institute of Science and Technology in Abu Dhabi and the other based at the Technische Universität Dresden.[20] The labs, which host 10-12 graduate and PhD students, focus on research around three-dimensional chip stacking, a potentially faster and more energy efficient semiconductor technology.[21]

Human capital

To prepare for the development of a high-tech cluster and a Global Foundries manufacturing facility in Abu Dhabi, ATIC and other local entities have developed education programs, ranging from primary and secondary school education to vocational training and graduate studies. These programs have reached over 1,000 Emiratis to date.[22][23]

Senior management

Ibrahim Ajami is the Chief Executive Officer. He oversaw the joint venture between ATIC and Advanced Micro Devices (AMD) of the creation of Global Foundries .[24]

Notes

  1. ↑ "About Us", ATIC, accessed June 12, 2011.
  2. ↑ "The National", accessed October 28, 2013.
  3. ↑ "GLOBALFOUNDRIES", accessed October 28, 2013.
  4. ↑ "The National", accessed October 28, 2013.
  5. ↑ "The National", accessed October 28, 2013.
  6. ↑ "Leadership", ATIC, accessed June 12, 2011.
  7. ↑ “Press Release”, ATIC, accessed June 14, 2011.
  8. ↑ “Abu Dhabi to take on Taiwan’s Chipmakers”, Financial Times, accessed June 14, 2011.
  9. ↑ Press Release, ATIC, accessed Juned 14, 2011.
  10. ↑ “Green chip start-up gets $48 million in funding”, CNET, accessed June 14, 2011.
  11. ↑ “Abu Dhabi: High-tech mecca or mirage?”, AllItWares, accessed June 14, 2011.
  12. ↑ “Masdar Institute – Fast Facts”, Masdar Institute, accessed June 14, 2011.
  13. ↑ "Semiconductor Research Corporation and Advanced Technology Investment Company Chart Course for Semiconductor Research in Abu Dhabi", Nanowerk, November 11th, 2010, accessed June 12, 2011.
  14. ↑ "Abu Dhabi’s ATIC Investing in Chip Plant, Sees Acquisitions", “Bloomberg”, May 18, 2011, accessed June 12, 2011.
  15. ↑ “A future built on silicon”, “Arab News”, accessed June 14, 2011.
  16. ↑ “ATIC to raise Globalfoundries stake”, “The National”, accessed June 14, 2011.
  17. ↑ "The National", accessed October 28, 2013.
  18. ↑ "The National", accessed October 28, 2013.
  19. ↑ "The National", accessed October 28, 2013.
  20. ↑ "ITP", accessed October 28, 2013.
  21. ↑ "EE Times", accessed October 28, 2013.
  22. ↑ "The National", accessed October 28, 2013.
  23. ↑ "Wharton UPenn", accessed October 28, 2013.
  24. ↑ “Leadership”, “ATIC”, accessed June 14, 2011.

External links

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