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Thats nice. For anyone wondering the Saudi-backed investment group is called "Mubadala". Mubadala owns 100% of GlobalFoundries ( which brought the hardware div
by technological 10y ago
Thats nice. For anyone wondering the Saudi-backed investment group is called "Mubadala".
Mubadala owns 100% of GlobalFoundries ( which brought the hardware division from IBM)
- axyjo 10y agoMubadala is Emirati, not Saudi. From the article, it seems that just the Vision Fund run by Mubadala has the backing of the Saudis
- JumpCrisscross 10y agoMubadala is Abu Dhabi's sovereign development company; its "mandate is to facilitate the diversification of Abu Dhabi’s economy" [1]. The SoftBank Vision Fund is "managed in the United Kingdom by a subsidiary of" SoftBank Group Corp [2]. Saudi Arabia's "Public Investment Fund was established in 1971 to provide financing support for projects of strategic significance to the national economy" [2]. It is the Saudi analog to Abu Dhabi's Mubadala. PIF is an LP in the SoftBank Vision Fund, albeit a significant and likely influential one. [1] https://en.m.wikipedia.org/wiki/Mubadala_Development_Company https://en.m.wikipedia.org/wiki/Mubadala_Development_Company [2] http://www.softbank.jp/en/corp/news/press/sb/2016/20161014_01/ http://www.softbank.jp/en/corp/news/press/sb/2016/20161014_0...