Reuters was first to report that GlobalFoundries Inc has filed confidentially with U.S regulators for an initial public offering in New York that could value the chipmaker at around $25 billion. The move is the clearest sign yet that GlobalFoundries, which is owned by Abu Dhabi’s sovereign wealth fund, is not eager to accept a potential tie-up with Intel Corp, which was reported last month to be in talks to acquire the U.S. chipmaker.
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