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GlobalFoundries Spins Off ASIC Solutions Division, Creating a New Subsidiary: Avera Semiconductor

posted by Fnord666 on Sunday November 04 2018, @10:10PM   

takyon writes:

GlobalFoundries Establishes Avera Semiconductor: a Custom Chip Company

GlobalFoundries this week announced that it has spun off its ASIC Solutions division, establishing Avera Semiconductor, a wholly owned subsidiary that will help fabless chip developers to design their products. Avera will work closely with GlobalFoundries' customers to enable them take advantage of various process technologies that GF has, but the company will also establish ties with other contract makers of semiconductors to help their clients develop chips to be made using leading edge process technologies at 7 nm and beyond.

[...] The new wholly owned subsidiary of GlobalFoundries has over 850 employees, an annual revenue of over $500 million, and ongoing projects worth $3 billion. By working not only with clients of GlobalFoundries, but expanding to customers of companies like Samsung Foundry and TSMC, Avera has a chance to increase its earnings over time. Avera Semi is led by Kevin O'Buckley, a former head of ASIC Solutions, who joined GlobalFoundries from IBM.

Shuffling money on the Titanic?

Previously: AMD, GlobalFoundries Renew Vows, Focus on Path to 7nm
GlobalFoundries to Spend $10-12 Billion on a 7nm Fab, Possibly $14-18 Billion for 5nm
AnandTech Interview With the CTO of GlobalFoundries: 7nm EUV and 5 GHz Clock Speeds
GlobalFoundries Abandons "7nm LP" Node, TSMC and Samsung to Pick Up the Slack

Related: Can Intel Really Share its Fabs?

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Original Submission

• Shuffling money on the Titanic? (Score: 3, Informative) by Fluffeh on Sunday November 04 2018, @10:57PM

  by Fluffeh (954) on Sunday November 04 2018, @10:57PM (#757765) Journal

  Shuffling money on the Titanic?

  It happens that the Titanic was insured [lloyds.com].

  Back on 9 January, broker Willis Faber & Co had come to Lloyd’s underwriting room to insure the Titanic and her sister ship, the Olympic, on behalf of the White Star Line.
  It was considered a prestigious risk, with cover for the hull alone standing at £1m – around £95m in today’s money. Numerous Lloyd’s syndicates put their names on the slip, covering amounts ranging from £10,000 to £75,000. Willis was able to negotiate a favourable premium for this proudly ‘unsinkable’ vessel of just £7,500.

  Despite the high levels of claims arising from the tragedy, insurers paid out in full within 30 days.

  This is IBM, I'm sure there are tax breaks or some such that they can somehow claw at being a "new company" and all that or some other make-market-happy manoeuvre to get an edge.

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