Reuters first to report chipmaker GlobalFoundries files confidentially for U.S. IPO

Reuters was first to report that GlobalFoundries Inc has filed confidentially with U.S regulators for an initial public offering in New York that could value the chipmaker at around $25 billion. The move is the clearest sign yet that GlobalFoundries, which is owned by Abu Dhabi’s sovereign wealth fund, is not eager to accept a potential tie-up with Intel Corp, which was reported last month to be in talks to acquire the U.S. chipmaker.