_1777370155750_318096895.jpg){kind=small}
_1777370074079_638186083.jpg){kind=small}
Mubadala raises $2B via GlobalFoundries stock
Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, announced that it raised approximately 2 billion US dollars through the sale of 22 million shares in the semiconductor and electronics chips manufacturer, GlobalFoundries, at a price of $89.96 per share. According to the official statement, the transaction took place on May 26, with Morgan Stanley managing the process. Mubadala remains the owner of 73% of the company's shares. Following the announcement, GlobalFoundries' shares recovered from a 7% decline and increased in the first quarter of 2026 by 3%, reaching $1.6 billion in revenue. However, net income decreased by 60%, amounting to $104 million. This deal comes after Mubadala sold shares worth $950 million in May 2024, following the company's listing on NASDAQ two years ago. By 2025, Mubadala's global investment portfolio was valued at up to $385 billion.
Notice: This Is an AI-Generated Summary
Comments (0)