Semiconductor Industry: New Kid in Town.

NY Times notes the following:

Forget the $64,000 question. For the chip industry, we’re up to the $10 billion question.

That’s just about how much money the government of Abu Dhabi has thrown at the ultracompetitive, often volatile chip-making business. Last year, Abu Dhabi pledged to spend at least $6 billion to create a new chip-making venture in partnership withAdvanced Micro Devices.

This week, the government committed an additional $3.9 billion, in cash and the assumption of debt, toward the purchase of a Singaporean contract chip maker, Chartered Semiconductor.

For further details, go here.