GLOBALFOUNDRIES Inc. manufactures semiconductors under contract for markets such as mobility, automotive, computing and wired connectivity, consumer internet of things, and industrial. Created in 2008 by the divestiture of the manufacturing arm of Advanced Micro Devices (AMD), GLOBALFOUNDRIES was privately owned by Mubadala Investment Company, the sovereign wealth fund of the United Arab Emirates, until 2021/10. The company is headquartered in Malta, NY.