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takyon [soylentnews.org] writes:

GlobalFoundries Establishes Avera Semiconductor: a Custom Chip Company [anandtech.com]

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 [soylentnews.org]
GlobalFoundries to Spend $10-12 Billion on a 7nm Fab, Possibly $14-18 Billion for 5nm [soylentnews.org]
AnandTech Interview With the CTO of GlobalFoundries: 7nm EUV and 5 GHz Clock Speeds [soylentnews.org]
GlobalFoundries Abandons "7nm LP" Node, TSMC and Samsung to Pick Up the Slack [soylentnews.org]

Related: Can Intel Really Share its Fabs? [soylentnews.org]

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