ATIC acquisition of AMD manufacturing facilities and Mubadala investment in AMD recognized for excellence in deal making by international association

20 April 2010, Abu Dhabi - The Advanced Technology Investment Company (ATIC) was awarded  GLOBAL M&A DEAL of the YEAR (for  transactions over 1 billion USD) at a ceremony in New York hosted by the Global Mergers and Acquisitions Network.   The award recognizes ATIC's 2008 acquisition of Advanced Micro Devices' (AMD) manufacturing facilities and the creation of a leading-edge semiconductor manufacturing company, GLOBALFOUNDRIES. The award also recognized as part of the transaction Mubadala Development Company's (Mubadala) investment increase in AMD to a 19.3 percent stake on a fully diluted basis.

"It is an honor to be recognized for the tremendous efforts of ATIC, Mubadala, and AMD, which together created the world's first truly global semiconductor foundry," said Ibrahim Ajami, Chief Executive Officer of ATIC. "The closing of this deal was a significant milestone in ATIC's creation and the ongoing diversification of the Abu Dhabi economy toward a new, high-technology and knowledge-based future.

Leaders and top dealmakers from all across the globe gathered in New York City in late February to attend the gala ceremony and receive awards for professionalism in recent mergers and acquisitions.  Forty-three awards from a range of categories were presented.  Daniel Durn, Executive Director of ATIC Acquisitions and Portfolio Management, received the award on behalf of ATIC and Mubadala.

As part of the deal, ATIC committed to $3.6 billion and up to $6.0 billion over the next five years to fund the expansion of Global Foundries' chip-making capacity beyond the manufacturing facilities initially contributed by AMD.  These funds will be used to expand its facility in Germany and create a new state-of-the-art facility in New York that, once completed, will be the only independently-managed semiconductor manufacturing foundry in the United States directly creating 1,400 jobs.  Mubadala increased its stake in AMD to 19.3 percent and has rights to a seat on the AMD board of directors.

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About ATIC
The Advanced Technology Investment Company (ATIC) was created in 2008. A technology investment company wholly owned by the Government of Abu Dhabi, ATIC is focused on making significant investments in the advanced technology sector, both locally and internationally. Its mandate is to generate returns that deliver long-term benefits to the Emirate of Abu Dhabi.

ATIC seeks to leverage the unique advantages it enjoys as an investor from the Emirate of Abu Dhabi to identify and realize long-term investment opportunities in the highly competitive and capital-intensive advanced technology sector. These advantages include significant and reliable capital, a patient investment philosophy, and a subsequently long-term investment horizon.

For more information about ATIC visit www.advancedtechnologyic.com

About Mubadala
Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi.  Established and owned by the Government, the company's strategy is built on the management of long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate. 

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional, and international investments.  The company partners with leading global organizations to operate businesses across a wide range of industry sectors including aerospace, energy and industry, healthcare, information communications and technology, infrastructure and real estate. By doing so, Mubadala accomplishes its mission to expand the economic base of the Emirate and contribute to the growth and diversification of the Abu Dhabi economy.

For more information about Mubadala, its partnerships and activities please visit www.mubadala.ae.

About Global M&A Network
Global M&A Network produces world-class conferences and the Gold Standard of Performance, the M&A ATLAS AWARDSTM® for mergers, acquisitions, turnaround and alternative investor communities.

Our conferences are organized to facilitate discussion, debate and direct inquiry of ideas by enlisting eminent leaders and experts to share their business building ideas, deal intelligence and strategies.

Success stems from senior management's 40 plus years of collective experience executing preeminent financial industry programs in America, Europe, Asia, Australia, Latin America, Africa and Middle-East regions. Significantly, the senior team has worked for leading Wall Street investment banking firms; media; conferences and strategic consulting organizations.

For more information, please contact
Houssam Kablawi
Edelman
Tel: +971 50 4415126
Email: houssam.kablawi@edelman.com

© Press Release 2010