News & Announcements

Weil Advised GLOBALFOUNDRIES in its up to $740M Sale of Avera Semiconductor LLC

Weil advised GLOBALFOUNDRIES Inc., a worldwide provider of semiconductor manufacturing services, in its up to $740 million sale of Avera Semiconductor LLC, a provider of application-specific integrated circuit (ASIC) semiconductor solutions, to Marvell Technology Group Ltd., a designer, developer and marketer of integrated circuits for communications-related markets. The transaction closed on November 5, 2019.

The Weil team that advised GLOBALFOUNDRIES was led by Mergers & Acquisitions partner Jackie Cohen and included Mergers & Acquisitions counsel Dawn Kim and associates Katie Simmonds and Alex Walsh. The team also included Technology & IP Transactions partner Karen Ballack; Tax partner Kimberly Blanchard; Environmental partner Annemargaret Connolly; Executive Compensation & Benefits partner Paul Wessel; Environmental counsel Thomas Goslin; Antitrust counsel Michael Naughton; Executive Compensation & Benefits Counsel Steven Margolis; Technology & IP Transactions associates Edric Itchon, Marisa Geiger and Alexa Clinton (Admitted in California only); Tax associates Alex Farr and Mary Sommers; and Executive Compensation & Benefits associate Maliha Ikram.

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