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TSMC signs $2 billion semiconductor supply agreement with GlobalFoundries

Investing.com +4 ·

GFS GlobalFoundries Inc
$48.24 -2.27%
View chart & analysis →
TSM -1.02%
  1. 1A multi-year supply agreement worth $2 billion between TSMC and GlobalFoundries has been announced.
  2. 2GlobalFoundries shares rose 4% in pre-market trading on Thursday.
  3. 3Mass production at the Malta facility in New York is expected to begin in the first half of 2028.

So what's the key point?

TSMC has entered into a $2 billion semiconductor supply agreement with GlobalFoundries. Following this news, GlobalFoundries shares rose 4%.

Source Investing.com +4 · View original ↗

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