GF Announces Sale of Its ASIC Business Avera Semiconductor to Marvell for a total of US$740 million

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/ 2019-05-23 / News

In the global foundry market, TSMC is the only one with a revenue of 34.2 billion US dollars last year, accounting for more than 50% of the global market, and it is a pure wafer foundry. The only one that is significantly profitable, other companies such as Globalfoundries (hereinafter referred to as GF/Grid), UMC UMC and domestic SMIC S. Can only earn a little money.

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If it is purely foundry, GF ranks second in the world.However, after the split fromamd in 2009, the operation of GF Company was not very smooth. The advanced technology could not keep up with TSMC, Samsung, and Samsung’s full set of technology was used on the 14nm node. Authorization finally completed the AMD processor and gpu at the same time, but it was yellow at the 7nm node. Last year, the company suddenly announced that it would stop the 7nm and below node OEMs. AMD also had to switch to TSMC's 7nm. Foundry.

In order to solve its financial difficulties, GF has undergone several reforms and slimming plans since 2018, and sold several wafer fabs. In this year's example, in January, GF sold Singapore's Fab 3E 8-inch wafer fab to TSMC's world-leading semiconductors for $240 million.

In February of this year, GF's $10 billion fab in Chengdu, China, was planned to change. The project is basically shut down.

In April, GF announced an agreement with Anson US to sell the Fab 10 12-inch wafer fab in New York, USA. The price of Anson is 430 million US dollars.

This time GF will not sell any fabs anymore, and will focus on the company's revenue growth, but today GF announced new deals. -- Sale of its [As > business Avera Semiconductor to Marvell, which will pay GF $650 million in cash over the next 15 months, with an additional 90 million after certain conditions The US dollar, totaling $740 million, is expected to close in 2020.

Considering that Avera's various chips and IP cores are based on GF's process development, GF will continue to OEM after the sale of Avera. Its chip,That is to say, GF can maintain the income of the ASIC business after the sale of the ASIC business.

Keywords: Semiconductor asic GF
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