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UAE state-owned holding company: Mubadala Investment Company, Abu Dhabi Investment Company

Abu Dhabi Investment Company (Abu Dhabi Venture Capital, Mubadala Investment Company) Mubadala Investment Company PJSC (Arabic: شركة مبادلة للاستثمار) is a state-owned holding company in the UAE and can be called a sovereign wealth fund. The company was established in January 2017. It is a joint-stock company formed by the merger of Mubadala Development Company and International Petroleum Investment Company. It is a wholly-owned investment vehicle of the UAE Abu Dhabi (Abu Dhabi) government.

Mubadala Investment Company

Abu Dhabi Investment Company Mubadala Investment Company:

Mubadala Investment Company was established after Khadem al-Qubaisi, a former director of IPIC, was arrested for his involvement in the 1MDB scandal. Mubadala’s mission is to promote the diversification of Abu Dhabi’s economy. Its focus is on managing long-term capital-intensive investments and aims to bring substantial financial returns and tangible social benefits to the emirate.

Mubadala Investment Company owns Advanced Technology Investment Company (ATIC), ATIC owns GlobalFoundries , which is the second largest semiconductor foundry company in the world by revenue.

In March 2020, Mubadala Investment Company joined a consortium of investors to invest a total of US$2.25 billion in Waymo , Alphabet ’s autonomous driving technology company.

In June 2020, Mubadala Investment Company announced an investment of US$1.2 billion in Reliance Jio Platforms to obtain a 1.85% stake, bringing the valuation of Mukesh Ambani telecommunications company Jio to US$65 billion. As of December 31, 2019, Mubadala’s total assets under management reached US$853 billion.

Advanced Technology Investment Company (ATIC):

Advanced Technology Investment Corporation (ATIC) is an investment company in the high-tech field, owned by Mubadala Development Company, a wholly-owned investment institution of the Abu Dhabi government of the United Arab Emirates. ATIC wholly owns GlobalFoundries, which is the second largest semiconductor foundry company in the world in terms of revenue.

Advanced Technology Investment Company is also committed to building the technology ecosystem they describe in Abu Dhabi, providing more than 100 million dirhams for local R&D activities, and supporting education programs that have benefited more than 1,000 UAE nationals so far.

History of Mubadala Investment Company of Abu Dhabi:

ATIC was established in 2008. ATIC and Advanced Micro Devices (AMD) established a joint venture, GlobalFoundries, the world’s third largest independent foundry in early 2009. At the end of 2009, ATIC acquired Chartered Semiconductor Manufacturing of Singapore (Chartered Semiconductor Manufacturing of Singapore), which is the world’s second largest dedicated independent semiconductor foundry. In January 2010, the two companies merged and operated as one company under the GlobalFoundries brand.

In August 2010, the company and other investors provided funding for Calxeda, Texas, a start-up company that produces ARM-based computers for the server market.

In 2010, the company cooperated with the Massachusetts Institute of Technology to develop a master’s degree in microelectronics at the Masdar Institute of Science and Technology in Abu Dhabi. Also in 2010, the company reached a research partnership with Semiconductor Research Corporation (SRC) to conduct research in the Abu Dhabi region.

In 2011, the company announced an investment of US$5.5 billion to expand chip manufacturing in Singapore, Dresden and Saratoga County, New York, USA. It also announced a computer chip factory in Abu Dhabi worth 6 to 8 billion US dollars, scheduled to be completed in 2012.

In June 2016, they announced that they would merge with their sister company International Petroleum Investment Company into one.

In November 2018, Mubadala led a new round of US$60 million investment in logistics software startup Turvo.

In March 2020, Mubadala Investment Company joined a consortium of investors to invest a total of US$2.25 billion in Waymo , Alphabet ’s autonomous driving technology company.

In May 2020, Mubadala is in high-level negotiations with Reliance Industries Ltd RIL, the content is to invest about 1 billion US dollars in the Jio Platform of the Indian conglomerate. If it continues, this will be its largest investment in its Indian business.

In August 2020, Mubadala Investment Company participated in a US$400 million Series C investment in Xiaopeng Motors, a Chinese electric vehicle company .

Abu Dhabi Investment Company Mubadala Investment Company investment:

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