Technology

GlobalFoundries CEO says chip maker sticking to 2022 IPO plan, Intel takeover bid is ‘speculation’




GlobalFoundries, a chip maker owned by an investment arm of the Abu Dhabi government, is sticking with its plan for an initial public offering next year, according to Chief Executive Officer Tom Caulfield.Reports that GlobalFoundries is the subject of a takeover bid by Intel Corp are speculation, he said.“There’s nothing there in that discussion,” Caulfield said Monday in an interview with Bloomberg Television. Because the chip maker is moving toward a share sale, “you can expect a lot of…



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