Mubadala raises $2bn from GlobalFoundries share sale

Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has raised nearly $2 billion from the sale of 22 million shares of chipmaker GlobalFoundries.

The shares were sold in a block trade on May 26 at $89.96 per share, according to a filing with the US Securities and Exchange Commission. The block trade was brokered by US financial services company Morgan Stanley, the filing said.

Mubadala continues to own 73 percent of GlobalFoundries and remains highly committed to its’ strategic direction, Bloomberg reported, quoting Camilla Languille, the fund’s co-chief executive officer of private equity.

Shares of Nasdaq-listed GlobalFoundries recouped losses on May 26, closing at $89.96 after falling almost 7 percent following the block trade.

GlobalFoundries reported preliminary first-quarter 2026 results this month with net revenue rising 3 percent year on year to $1.6 billion, while net income fell 60 percent annually to $104 million.

In May 2024 Mubadala sold $950 million worth of GlobalFoundries shares, two years after its listing on the Nasdaq.

The fund’s $385 billion portfolio spans six continents and includes investments across multiple sectors and asset classes.

Its assets under management rose by nearly one-fifth to $385 billion in 2025.

Further reading:

• Mubadala takes stake in green energy tech firm Power Factors
• Mubadala invests $325m in UK offshore wind farm
• Mubadala invests in US-owned container leasing venture