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

Transaction overview

Mubadala Technology Investment Company, a wholly owned subsidiary of Mubadala Investment Company PJSC, sold a block of ordinary shares of GlobalFoundries Inc. in a secondary transaction that generated approximately $1.8 billion of proceeds. Cleary Gottlieb announced that it represented Mubadala in the trade, which launched on May 26, 2026, and settled on May 28, 2026.

Direct quote

"Cleary Gottlieb represented Mubadala Technology Investment Company (Mubadala) in a secondary block trade of ordinary shares of GlobalFoundries Inc. (GlobalFoundries), in reliance on Rule 144 for proceeds of approximately $1.8 billion," the firm said in its May 27, 2026 announcement.

Context and details

The sale involved Mubadala Technology Investment Company, the technology-focused vehicle within Mubadala Investment Company PJSC, the Abu Dhabi sovereign wealth fund. Mubadala Investment Company manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad; the firm reports a business of $302 billion and maintains offices in Abu Dhabi, London, Moscow, New York, and Beijing.

GlobalFoundries, the counterparty in the secondary block trade, is described by Cleary Gottlieb as "one of the world’s leading semiconductor manufacturers, delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets."

Cleary Gottlieb’s corporate team on the transaction included partners Adam Fleisher and Shuangjun Wang, associate Katherine Hebb, and law clerk Crystal Lee, all listed with the New York office. The firm’s announcement frames the execution as conducted "in reliance on Rule 144," the U.S. securities provision that governs resale of restricted securities under specified conditions, and notes the short window between launch and settlement—May 26 to May 28, 2026.

• Client: Mubadala Technology Investment Company (wholly owned by Mubadala Investment Company PJSC)
• Target/asset sold: Ordinary shares of GlobalFoundries Inc.
• Proceeds: Approximately $1.8 billion
• Transaction launch: May 26, 2026
• Settlement: May 28, 2026
• Legal counsel for seller: Cleary Gottlieb (Adam Fleisher, Shuangjun Wang, Katherine Hebb, Crystal Lee)

Outlook

With the block trade settled, Mubadala Technology Investment Company realizes roughly $1.8 billion in proceeds from its GlobalFoundries holdings. The disposal reduces Mubadala’s direct exposure to the publicly traded semiconductor manufacturer and provides liquidity that the Abu Dhabi-based investment group can deploy across its diversified portfolio. Cleary Gottlieb’s public summary of the engagement places the transaction among the firm’s recent capital markets and corporate work and underscores the role of Rule 144 in the mechanics of the resale.