Mubadala Technology Investment Company in Sale of GlobalFoundries Shares for $1.8 Billion of Proceeds

Mubadala Technology Investment Company has completed a secondary block trade of ordinary shares of GlobalFoundries Inc., generating approximately $1.8 billion in proceeds, according to a Cleary Gottlieb announcement. The transaction launched on May 26, 2026, and is scheduled to settle on May 28, 2026. Cleary Gottlieb acted as legal counsel to Mubadala in the sale, relying on Rule 144 for the disposition.

"Mubadala Technology Investment Company is a wholly owned subsidiary of Mubadala Investment Company PJSC," the firm noted in its release, adding that "Mubadala Investment Company is a sovereign wealth fund that manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad to generate sustainable financial returns for its shareholder, the government of the Emirate of Abu Dhabi."

Transaction details and legal advisory

The deal was executed as a secondary block trade of GlobalFoundries ordinary shares and was specifically structured to rely on Rule 144. Cleary Gottlieb identified the proceeds from the sale as being approximately $1.8 billion. The firm’s announcement lists the transaction as launching on May 26, 2026, with settlement slated for May 28, 2026.

• Seller: Mubadala Technology Investment Company (a wholly owned subsidiary of Mubadala Investment Company PJSC)
• Issuer: GlobalFoundries Inc.
• Proceeds: Approximately $1.8 billion
• Launch date: May 26, 2026
• Settlement date: May 28, 2026
• Legal basis: Reliance on Rule 144
• Cleary Gottlieb deal team: partners Adam Fleisher and Shuangjun Wang; associate Katherine Hebb; law clerk Crystal Lee

Mubadala Investment Company is presented in the notice as a sovereign wealth fund with a broad international footprint. Cleary’s release states that Mubadala’s "$302 billion business spans six continents, with interests across multiple sectors and asset classes." The firm is headquartered in Abu Dhabi and maintains offices in London, Moscow, New York, and Beijing.

GlobalFoundries, the subject of the traded shares, is described in the announcement as "one of the world’s leading semiconductor manufacturers, delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets." The transaction therefore involves a major sovereign investor adjusting its holdings in a prominent player in the semiconductor industry.

Outlook

The block trade is set to settle on May 28, 2026, concluding the secondary sale announced by Cleary Gottlieb. The legal advisory role undertaken by the Cleary corporate team—led by partners Adam Fleisher and Shuangjun Wang with support from associate Katherine Hebb and law clerk Crystal Lee—was highlighted in the firm’s public summary of the matter. The disclosure reinforces Mubadala’s ongoing activity in global capital markets and its approach to portfolio management through strategic disposals and investments.