issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . august 2012 learn how and when to remove this template message the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources mubadala development company news newspapers books scholar jstor free images october 2015 learn how and when to remove this template message learn how and when to remove this template message mubadala development company type joint stock company government owned industry diversified investments founded october 2002 headquarters abu dhabi united arab emirates key people hh sheikh mohammed bin zayed al nahyan chairman khaldoon khalifa al mubarak ceo and managing director revenue us 8.522 billion 2012 1 net income us 35.9 million 2012 1 total assets us 55.21 billion 2012 1 total equity us 37 billion 2012 1 number of employees 700 2011 website http www.mubadala.com mubadala development company pjsc mubadala was established in october 2002 as a public joint stock company and is a wholly owned investment vehicle of the government of abu dhabi in the united arab emirates . mubadala s mandate is to facilitate the diversification of abu dhabi s economy . its focus is on managing long term capital intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate . 2 3 4 contents 1 advanced technology investment company 1.1 history and growth 1.2 research and development 1.3 human capital 1.4 senior management 2 references 3 external links advanced technology investment company edit advanced technology investment company atic founded 2008 2008 headquarters abu dhabi uae key people ibrahim ajami ceo website www.atic.ae advanced technology investment company atic is an investment company in the high technology sector 5 owned by mubadala development company a wholly owned investment vehicle of the government of abu dhabi in the united arab emirates . atic wholly owns globalfoundries the world s second largest semiconductor foundry company by revenue . 6 7 it also works to build what they describe as a technology ecosystem in abu dhabi funding over aed 100 million in local r & d activities and supporting educational initiatives that have thus far reached over 1 000 uae nationals . 8 9 history and growth edit atic was established in 2008 . through a joint venture atic and advanced micro devices amd created the world s third largest independent foundry globalfoundries in early 2009 . 10 in late 2009 atic acquired chartered semiconductor manufacturing of singapore the world s second largest dedicated independent semiconductor foundry . 11 12 in january 2010 the two operations were integrated and have since functioned as one company under the globalfoundries brand . 13 in august 2010 the firm joined with other investors to fund texas based calxeda a start up company for producing arm architecture based computers for the server market . 14 it worked with the massachusetts institute of technology to develop a masters program in microelectronics at the masdar institute of science and technology in abu dhabi . 15 16 also in 2010 the firm joined a research partnership with the semiconductor research corporation src to conduct research in the abu dhabi region . 17 in 2011 it announced investments of 5.5 billion to expand chip manufacturing in singapore dresden germany and saratoga county in new york state . 18 19 it also announced a 6 8 billion computer chip factory in abu dhabi for completion in 2012 . 20 in june 2016 they announced that they would be unite and become one with their sister company international petroleum investment company . 21 22 23 research and development edit atic has invested more than dh100 million in research grants and funds since 2009 for building a globally competitive technology r & d ecosystem within abu dhabi . 8 it partners with the semiconductor research corporation a leading university research consortium to drive local research towards minimum energy electronic systems . 24 it is supporting research initiatives spanning khalifa university uae university american university of sharjah masdar institute and new york university abu dhabi . in may 2013 atic and the semiconductor research corporation src launched the atic src centre of excellence for energy efficient electronic systems ace4s to be hosted jointly in abu dhabi by khalifa university of science technology and research and masdar institute of science and technology . 25 atic is investing dh17 .5 million in the project an amount matched by masdar institute and khalifa university . the total budget for the center is dh35m spread during the initial three year phase . the center will focus on research in four key areas energy harvesting power management sensor technologies and wireless communications networks . atic and the state of saxony germany have invested 4.8 million in twinned laboratories that research 3 d stacking of integrated circuits . the project consists of one lab hosted at the masdar institute of science and technology in abu dhabi and the other based at the technische universit t dresden . 26 the labs which host 10 12 graduate and phd students focus on research around three dimensional chip stacking a potentially faster and more energy efficient semiconductor technology . 27 human capital edit to prepare for the development of a high tech cluster and a global foundries manufacturing facility in abu dhabi atic and other local entities have developed education programs ranging from primary and secondary school education to vocational training and graduate studies . these programs have reached over 1 000 emiratis to date . 9 28 senior management edit ibrahim ajami is the chief executive officer . he oversaw the joint venture between atic and advanced micro devices amd of the creation of global foundries . 29 references edit a b c d mubadala financial statements 2012 pdf . mubadala.com . the mubadala story mubadala development company abu dhabi united arab emirates . mubadala.ae . retrieved 2012 08 13 . senior executive management . mubadala . retrieved 2014 06 05 . aviation news airline profiles jobs & aircraft listings . arabaviation.com . retrieved 2014 06 05 . about us atic accessed june 12 2011 . the national accessed october 28 2013 . globalfoundries accessed october 28 2013 . a b the national accessed october 28 2013 . a b the national accessed october 28 2013 . leadership atic accessed june 12 2011 . press release atic accessed june 14 2011 . abu dhabi to take on taiwan s chipmakers financial times accessed june 14 2011 . press release atic accessed juned 14 2011 . green chip start up gets 48 million in funding cnet accessed june 14 2011 . abu dhabi high tech mecca or mirage allitwares accessed june 14 2011 . masdar institute fast facts masdar institute accessed june 14 2011 . semiconductor research corporation and advanced technology investment company chart course for semiconductor research in abu dhabi nanowerk november 11th 2010 accessed june 12 2011 . abu dhabi s atic investing in chip plant sees acquisitions bloomberg may 18 2011 accessed june 12 2011 . a future built on silicon arab news accessed june 14 2011 . atic to raise globalfoundries stake the national accessed june 14 2011 . fast ft . next.ft.com . 29 june 2016 . retrieved 7 july 2016 . french david ; tolba ahmed ; aboudi sam 29 june 2016 . abu dhabi government orders merging of mubadala and ipic state news agency . reuters . retrieved 7 july 2016 . kerr simeon 29 june 2016 . abu dhabi to merge sovereign wealth funds ipic and mubadala . retrieved 7 july 2016 . the national accessed october 28 2013 . the national accessed october 28 2013 . itp accessed october 28 2013 . ee times accessed october 28 2013 . wharton upenn accessed october 28 2013 . leadership atic accessed june 14 2011 . external links edit mubadala development company atic official website retrieved from https en.wikipedia.org w index.php title mubadala development company & oldid 740973803 categories companies of the united arab emiratescompanies based in abu dhabicompanies established in 2002investment companies of the united arab emiratesgovernment owned companies of the united arab emirateshidden categories articles lacking reliable references from august 2012all articles lacking reliable referencesarticles with topics of unclear notability from october 2015all articles with topics of unclear notabilityarticles containing arabic language 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