GlobalFoundries, owned by an investment arm of the Abu Dhabi government, also disclosed financial details of its business, including a 2020 net loss of US$1.35 billion and revenue of US$4.85 billion.
GlobalFoundries Inc filed for an initial public offering, looking to benefit from investors pouring money into semiconductor makers during a pandemic-induced chip shortage.
In a filing Monday, the company listed the size of its offering as US$1 billion – a placeholder that will change when terms of the share sale are set.
