US EditionGlobalFoundries Plans Billion-Euro Investment to Expand Chip Manufacturing in Germany
15 Articles
15 Articles
Federal Chancellor Merz described the investment of the semiconductor manufacturer GlobalFoundries of 1.1 billion euros at the Dresden site as a signal for Germany and Europe.
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The Manila Times
GlobalFoundries Plans Billion-Euro Investment to Expand Chip Manufacturing in Germany
€1.1 billion planned investment to scale manufacturing and infrastructure in Dresden and boost Europe’s semiconductor supply chain resilience
GlobalFoundries pledges €1.1bn to expand chip production
GlobalFoundries (GF) has outlined a €1.1bn ($1.27bn) investment to expand semiconductor manufacturing at its Dresden facility in Saxony, Germany. With this investment, the company aims to achieve an annual output exceeding one million wafers by the end of 2028. This expansion, named project SPRINT, is contingent on expected support from both the German federal government and the State of Saxony, under provisions of the European Chips Act. Approv…
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