GlobalFoundries Focuses on Essential Chips, Invests Billions to Expand Production Capacity

GlobalFoundries is the world's 3rd largest semiconductor foundry, manufacturing chips designed by other companies that go into a wide range of electronics.
The company pivoted away from the cutting edge to focus on older but essential chip manufacturing, avoiding geopolitical risks.
GlobalFoundries is investing billions to expand production capacity in Singapore, Germany, France, and New York.
The company aims to take market share from TSMC in radio frequency and silicon on insulator chips.
Key customers include AMD, Qualcomm, GM and the U.S. Department of Defense through large, exclusive deals.

cnbc.com

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9/18/2023

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