Toppan

Following its decision to focus on specialized process technologies last August, GlobalFoundries has been consolidating its assets as well as selling off businesses and facilities that are not essential for its current strategy. To that end, this week the company announced that it had entered into an agreement to sell off its Fab 9’s photomask operations and IP to Toppan Photomasks. The latter will, in turn, provide photomask production services to GlobalFoundries in the coming years. Under the terms of the agreement, Toppan Photomasks, a division of Toppan Printing Co., will acquire certain assets of GlobalFoundries’ photomask facility in Burlington, Vermont. The tools and technologies from the Fab 9 will be transferred to Advanced Mask Technology Center (AMTC), a joint venture between Toppan Photomasks and...