GlobalFoundries selected to operate two new chip manufacturing sites at New York campus
GFS GlobalFoundries Inc
$48.94 +4.80%
View chart & analysis → - 1GlobalFoundries announced it has been selected to operate two new chip manufacturing sites at its New York campus as part of a $21 billion investment in the U.S. and Japan.
- 2An investment of approximately $10 billion for GlobalFoundries' first fab is scheduled to begin operations in 2029.
- 3At full capacity, an additional annual U.S. 300mm wafer manufacturing capacity of approximately 1.8 million units is expected.
So what's the key point?
GlobalFoundries will operate two new semiconductor manufacturing plants in New York, USA. The first plant will receive an investment of approximately $10 billion and is scheduled to begin operations in 2029.
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