Financial Times FT.com

Abu Dhabi to take on Taiwan’s chipmakers

By Robin Kwong in Taipei, Robin Wigglesworth in Abu Dhabi and Robin Harding in Tokyo

Published: September 7 2009 19:35 | Last updated: September 7 2009 19:35

Waleed Al Mokarrab Al Muhairi second from left, shakes hands with James NorlingAgence,France-Presse
Atic chairman Waleed Al Mokarrab Al Muhairi, second from left, shakes hands on the deal with his Chartered Semiconductor counterpart James Norling. Looking on are Chartered chief Chia Song Hwee, Atic chief Ibrahim Ajami and Douglas Grose, chief executive of Globalfoundries

Semiconductor manufacturing, with its multibillion-dollar factories and recurring need to upgrade technology, has never been an industry for the light-pocketed.

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