US-based semiconductor manufacturer GlobalFoundries, owned by Abu Dhabi’s sovereign fund Mubadala Investment Company, and Apple have deepened their partnership as part of the global tech giant's pledge to invest in US manufacturing.
The announcement comes after Apple on Wednesday said it intends to invest an additional $100 billion in the US, bringing its total investment commitment to $600 billion in the next four years.
In its pledge, Apple also announced the American Manufacturing Programme to boost its supply chain and help move advanced manufacturing to the US. GlobalFoundries is among the first partners in the programme that also include Texas Instruments, Samsung and Broadcom.
“This is part of our $600 billion commitment to the US over the next four years, and we couldn’t be more excited about the future of American innovation,” Apple chief operating officer Sabih Khan said in a statement.
Apple's investment announcement came after President Donald Trump had threatened to impose tariffs on the company for manufacturing its flagship iPhones outside the US.
During a call with analysts after reporting earnings last week, Apple chief executive Tim Cook said a “vast majority” of its iPhones are made in India. Mr Trump doubled India's tariff rate to 50 per cent earlier on Wednesday.
GlobalFoundries investments
GlobalFoundries said its partnership with Apple will allow it to speed up investment at its facility in Malta, New York state.
“This is a testament to GF’s technology differentiation, coupled with our unique secure and onshore capabilities, and the trust Apple has placed in GF to deliver and build the advanced chips that power its next-generation smart mobile technologies,” GlobalFoundries chief executive Tim Breen said in a statement.
The UAE-backed company in June also teamed up with Apple, SpaceX, AMD, Qualcomm, NXP and General Motors as part of its plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging in New York and Vermont.
GlobalFoundries said that investment commitment, which came after the US President's visit to the UAE, was the result of collaboration with the Trump administration and support from leading technology companies.
The company on Wednesday said its partnership with Apple, as well as its $16 billion planned investment, is supported by the Trump administration's efforts to prioritise US leadership in artificial intelligence, including manufacturing semiconductors domestically.
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Poacher
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Get Out
Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Manchester United v Liverpool
Premier League, kick off 7.30pm (UAE)
THREE
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
COMPANY%20PROFILE
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
