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business Abu Dhabi holding talks over GloFo sale By Peter Clarke Abu Dhabi sovereign wealth fund Mubadala Development Co. has held talks with potential buyers for all or part of Globalfoundries Inc. according to a Bloomberg report that cited unnamed sources. The report added that the company might fetch $15 billion or $20 billion if a deal goes ahead but did not name any potential buyers. However, it was reported back in September that Hua Capital Management, which looks after China’s national IC investment fund, had approached Globalfoundries over possible. Abu Dhabi is reviewing its state-owned companies, including Mubadala, for potential asset sales as the emirates finances come under pressure due to the current collapse in oil prices. Oil has been trading at just over $40 per barrel during 2015 while it was in excess of $100 per barrel from 2010 to 2014. The emirate moved into chip manufacturing in 2009 by taking over the manufacturing operations of Advanced Micro Devices Inc. and merging them with the Singapore based Chartered Semiconductor in January 2010. The justification was to help Abu Dhabi develop diversify its economy away from oil and to bring semiconductor manufacturing to the region. However, plans to build a wafer fab in Abu Dhabi seem to have gone on permanent hold. In recent years Globalfoundries has been collaborating with Samsung by licensing its 14nm FinFET process technology. Globalfoundries in Europe is also pushing hard to try and make a success of a 22nm FDSOI manufacturing process. A break up of the company would be complex but might serve the interests of multiple parties interested in Globalfoundries manufacturing capabilities in New York State, Dresden and Singapore. ams splashes 200M Euros on CMOSIS acquisition By Julien Happich Austrian sensors manufacturer ams has entered into an agreement to acquire 100% of the shares in CMOSIS, a leader in advanced area and line scan CMOS image sensors for high-end imaging applications, in an all-cash transaction. Headquartered in Antwerp (Belgium), CMOSIS is a leading supplier of high performance standard and customized area and line scan CMOS image sensors for demanding imaging applications. CMOSIS’ portfolio of imaging solutions features low noise, global and rolling shutter, high dynamic range, and high frame rates through high-speed on-chip analog-todigital The NanEye miniature endoscopy imaging sensor conversion and digital interfaces. The image sensors serve a broad range of high-end applications in diverse markets including machine vision, medical, broadcast, traffic, scientific and photographic imaging. In addition, CMOSIS offers the NanEye miniature camera module line for endoscopy-like medical applications, recently winning the German Innovation Award for Non-Clinical Intensive Care. Founded in 2007, CMOSIS operates as a fabless semiconductor supplier from locations in Belgium, Germany, Portugal, and the U.S. and has more than 110 employees. CMOSIS expects to generate full year 2015 revenues of approx. EUR 60m with strong operating profitability above ams’ current group operating profitability. Based on available information, CMOSIS expects to continue year-on-year revenue growth in 2016. Under the terms of the agreement, ams will acquire 100% of the shares in CMOSIS from TA Associates, a leading global growth private equity firm, and management shareholders for an equity value of approx. EUR 220m. ams expects to fund the transaction from existing cash and available credit lines with no additional transaction-based financing. “Acquiring CMOSIS is a highly complementary expansion of our sensor portfolio and another major step in executing our sensor solutions growth strategy. This transaction extends our market leadership in optical sensors and will strengthen our position as the leading pure-play sensor solutions provider for growth markets including Industry 4.0, IoT (Internet of Things) and medical diagnostics. Integrating cameras with advanced optical sensors will drive new sensor solutions across vertical markets and accelerate our growth plans as we combine CMOSIS’ leading edge IP and design capabilities with our manufacturing competence and optical sensor strengths”, emphasized ams’ CEO, Kirk Laney in a company statement. During a conference call, the company hinted that while most of CMOSIS’ existing product lines would be maintained and produced using the already established production flow and supply chain, new products integrating CMOSIS’ imaging technology into ams’ sensors may be produced in-house, as it would usually be the case for all new and critical IP at ams. Laney mentioned miniature endoscopy imaging sensors as interesting parts that could well be integrated with other sensors to move into new automotive or even consumer applications. 22 Electronic Engineering Times Europe December 2015 www.electronics-eetimes.com


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