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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 division from IBM)

Mubadala is Emirati, not Saudi. From the article, it seems that just the Vision Fund run by Mubadala has the backing of the Saudis

Mubadala 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

[2] http://www.softbank.jp/en/corp/news/press/sb/2016/20161014_0...

Mubadala also owns a large part of AMD iirc. edit: they sold the stake for $600M two days ago

AMD stock has had a hell of a run over the last year.. wonder if they anticipate that that slowing down

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