Recommended Free Tools
ATIC—not GlobalFoundries—bought Chartered Semiconductor Manufacturing in a deal announced on September 7, 2009. ATIC offered S$2.68 in cash for each ordinary share; after approvals and a Singapore court order, the acquisition took effect on December 18, 2009. GlobalFoundries then received exclusive rights to manage Chartered’s wafer-fabrication operations, laying the groundwork for its Singapore manufacturing hub.
What did ATIC pay for Chartered Semiconductor?
ATIC’s September 7, 2009 announcement put the offer at S$2.68 in cash per Chartered ordinary share. It described the equity value as approximately S$2.5 billion and the transaction’s total value as approximately S$5.6 billion, including debt and convertible redeemable preference shares as of June 30, 2009. These are different measures: the S$2.5 billion figure is the stated equity value, while the larger total also accounts for those obligations.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
iDili Educational Semiconductor CMOS Chip Model – Transparent Acrylic | $101.99 | Buy on Amazon |
| Measure | Announced figure and qualification |
|---|---|
| Cash offer | S$2.68 for each Chartered ordinary share, as announced by ATIC and Chartered in September 2009. |
| Equity value | Approximately S$2.5 billion, as stated in the September 2009 announcement. |
| Total transaction value | Approximately S$5.6 billion, including debt and convertible redeemable preference shares outstanding as of June 30, 2009. |
| ADS estimate | US$18.64 per American depositary share, an estimate in the announcement before adjustments for exchange rates, depositary fees, taxes and expenses. |
The ADS figure was therefore not a guaranteed final cash amount for every holder. It was an estimate subject to the listed adjustments.
Why did ATIC acquire Chartered and fold it into GlobalFoundries?
ATIC framed the deal as a way to combine capabilities and expand manufacturing reach. It said Chartered’s customer relationships and 8-inch and 12-inch fabrication capabilities complemented GlobalFoundries’ advanced-technology expertise, capacity profile and global footprint.
Do these 3 things before closing this tab:
1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitches#1 Best Overall
- High-Clarity Acrylic Shell – Fully transparent for unobstructed internal structure viewing.
- Precision 3D-Printed Resin Core – Multi‑layer colored detailing accurately reproduces chip architecture.
- Compact Study Size – 80×80×30 mm, ideal for desktop display and hands‑on handling.
- Educational Focus – Designed for classroom instruction, university labs, science fairs, and tech exhibitions.
- Durable & Lightweight – Sturdy yet portable for repeated use in teaching environments.
The move followed ATIC’s creation of GlobalFoundries with AMD in March 2009. ATIC chairman Waleed Al Mokarrab said the company believed that access to ATIC’s long-term capital and related assets could help Chartered advance its skills and capabilities. The rationale described in the announcement was thus strategic and operational: ATIC would own Chartered, while the combined resources and manufacturing operations would be brought together under GlobalFoundries’ operating role.
Who bought Chartered: ATIC or GlobalFoundries?
ATIC made the purchase through its subsidiary, ATIC International Investment Company LLC. GlobalFoundries did not directly buy Chartered’s listed company. That distinction matters because the acquisition and the integration were separate steps: ATIC acquired the business, and a later agreement gave GlobalFoundries management authority over its fabrication operations.
When did the acquisition close?
The companies announced the definitive agreement on September 7, 2009. The transaction was structured as a Singapore scheme of arrangement, which required Chartered shareholder approval and sanction by Singapore’s High Court.
- September 7, 2009: ATIC and Chartered announced the acquisition agreement and cash offer.
- November 2009: Chartered shareholders voted in favor of the scheme.
- December 18, 2009: The acquisition became effective after the court order and other required conditions were completed.
- Later in December 2009: The companies scheduled the end of Chartered’s ADS program and its delistings from Nasdaq and the Singapore Exchange.
What happened to Chartered’s Singapore fabs?
Chartered’s Singapore wafer-fabrication operations became part of GlobalFoundries’ manufacturing organization. On December 28, 2009, ATIC International, Chartered and GlobalFoundries entered a Management and Operating Agreement that gave GlobalFoundries exclusive rights to manage all aspects of Chartered’s wafer-fabrication operations.
GlobalFoundries later described its 2010 combination with Chartered as the foundation of its Singapore manufacturing hub. Its corporate-responsibility history says it integrated operations with the former Chartered Semiconductor after ATIC acquired the Singapore wafer-manufacturing facilities. In practical terms, the fabs and their manufacturing capabilities continued within the GlobalFoundries operating footprint rather than remaining an independently managed public company.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
