Avera sale of the company was $ 740 million

The global foundry market, Taiwan Semiconductor Manufacturing Company, a dominant revenue of 34.2 billion US dollars last year, accounting for more than 50% of the global share, and is the only pure-play foundries in a substantial profit, and other companies such as Globalfoundries (Grid Luo Fangde, hereinafter referred to as GF / cellular core), UMC UMC and SMIC domestic SMIC, or struggling to survive, or only earn a little money.

Avera company was $ 740 million sale of the company was $ 740 million Avera sale

Counting only pure-play foundry, then, GF ranked second in the world, but from 2009, after the split GF AMD's situation is not operating smoothly, keep up with TSMC, Samsung on advanced technology, using the full range of Samsung 14nm node AMD processor technology is finally authorized, GPU while the foundry, but on 7nm node and yellow, and last year the company suddenly announced to stop 7nm node and below foundry, AMD had to switch to 7nm foundry TSMC.

In order to solve their own financial difficulties, GF 2018 and now the company has conducted a number of reforms, weight-loss plan, sold its multiple fabs, year, for example, GF January for $ 240 million will be in Singapore Fab 3E 8-inch fab sale to TSMC's advanced semiconductor world.

In February this year, came GF invest $ 10 billion wafer fab in Chengdu, China plan has changed, the current project is basically a shut down.

The company announced in April GF ON Mita into an agreement to sell New York's Fab 10 12-inch fab to ON, the price is $ 430 million.

After this statement GF company will not sell any fab, the company will focus on revenue growth, but GF today announced a new business - will Avera's ASIC business sold to Marvell Semiconductor Inc., which in the next 15 months GF will pay $ 650 million in cash, after reaching certain conditions as well as an additional $ 90 million, a total of $ 740 million, is expected to complete the transaction in the fiscal year 2020.

Avera taking into account the company's various chips, IP core is based on GF's process research and development, after the sale of the future Avera company, GF will continue after its chip foundry, that GF can keep the sale of ASIC business is ASIC foundry business revenue.

Avera Semiconductor Company:

November 1, 2018, GF announced the establishment of a wholly owned subsidiary of Avera Semiconductor, the company offers 14 / 12nm ASIC technology and more sophisticated products, while providing customers with 7nm and the following new capabilities and replace OEM process.

Avera has more than 850 employees and annual revenues of more than $ 500 million, 14nm design revenue expected to exceed $ 3 billion, has a very significant advantage for our customers to develop products in a wide range of markets, including wired and wireless networks, data center and storage, artificial intelligence and machine learning, as well as aerospace and country Avera defense.

The new company is headed by Kevin O'Buckley, since the acquisition of IBM's Microelectronics division core business in 2015, he has been the head of ASIC business. Prior to that, he spent nearly 20 years at IBM, held various technical and management leadership positions.


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