Chipmaker GlobalFoundries plans $6 billion expansion in Singapore, U.S., Germany

StreetInsider2021-06-22

SINGAPORE (Reuters) - Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jack1999
2021-06-22
Jack1999
Semi con come back to sg again ?
Titu
2021-06-22
Titu
Wowowowowoowow
Kai3131
2021-06-22
Kai3131
Good
BK_001
2021-06-22
BK_001
Please like and comment
- oneplus374:
  please like and comment
Deniseee
2021-06-22
Deniseee
Nice!
seejy
2021-06-22
seejy
great

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2145053984?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-22 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2145053984","market":"sg","top_or_hot":-1,"title":"Chipmaker GlobalFoundries plans $6 billion expansion in Singapore, U.S., Germany","media":"StreetInsider","content":"<div>\n<p>SINGAPORE (Reuters) - Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18586071\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chipmaker GlobalFoundries plans $6 billion expansion in Singapore, U.S., Germany</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChipmaker GlobalFoundries plans $6 billion expansion in Singapore, U.S., Germany\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18586071><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18586071\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03086","symbol_name":"华夏纳指","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18586071","article_id":"2145053984","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2145053984","pubTimestamp":1624346760,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"SINGAPORE (Reuters) - Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand c","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03086":"华夏纳指","09086":"华夏纳指-U","INTC":"英特尔"},"translate_title":"芯片制造商GlobalFoundries计划在新加坡、美国和德国进行60亿美元的扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03086":0.9,"09086":0.9,"INTC":0.9},"content_text":"SINGAPORE (Reuters) - Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is hurting automakers and electronics firms globally.\nThe U.S.-based company, owned by Abu Dhabi's state-owned fund Mubadala, said it will invest more than $4 billion in Singapore, and $1 billion each in the others over the next two years. The unlisted company's Singapore operations contribute about a third of its revenue.\n\"I think the next five to eight years, we're going to be chasing supply not demand as an industry,\" GlobalFoundries CEO Thomas Caulfield told a media briefing. He added that the company was prioritising automotive customers.\nTuesday's expansion is in addition to the company's previously announced plan to invest $1.4 billion in 2021 alone to expand its manufacturing capacity.\nThe chip shortage, which began in earnest in late December, was caused in part by automakers miscalculating demand for semiconductors in the pandemic. It was aggravated by electronics manufacturers placing more chip orders as work-from-home practices fuelled a surge in sales of computers and other devices.\nLarge chipmakers including Intel Corp have warned that the shortage will last well into next year. Intel announced in March a $20 billion plan to expand its advanced chip making capacity, while Taiwan's TSMC said in April it will invest $100 billion over the next three years.\nAs well, governments, including those of the United States and Japan, have intervened to urge faster supplies. Earlier this month, the United States approved $54 billion in funds to increase U.S. production and research into semiconductors and telecom equipment.\nCaulfield said funding for GlobalFoundries' expansion plan included investments from governments and pre-payments from customers.\nThe $4 billion investment in Singapore is the first of a phased expansion programme planned by the company for the next five to 10 years, the CEO said. He did not specify a total amount.\nThe new Singapore fab will add capacity of 450,000 wafers per year, taking the campus's total to 1.5 million, and the company expects to begin production in early 2023. Most of the added production will come online by end 2023.\nThe factory will make chips for cars and 5G technology, with long-term customer agreements already in place. It will add about 1,000 jobs in Singapore.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":129904375,"gmtCreate":1624349434997,"gmtModify":1703834112575,"author":{"id":"3575853611921015","authorId":"3575853611921015","name":"Jack1999","avatar":"https://static.tigerbbs.com/0741f2d7c37c8d3b8bcf1ba37f5f0cb9","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575853611921015","authorIdStr":"3575853611921015"},"htmlText":"Semi con come back to sg again ?","listText":"Semi con come back to sg again ?","text":"Semi con come back to sg again ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129904375","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129078558,"gmtCreate":1624348588774,"gmtModify":1703834095176,"author":{"id":"3558865529132556","authorId":"3558865529132556","name":"Titu","avatar":"https://static.tigerbbs.com/9f0b0e640551e4ad766c10135d80d562","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"3558865529132556","authorIdStr":"3558865529132556"},"htmlText":"Wowowowowoowow","listText":"Wowowowowoowow","text":"Wowowowowoowow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129078558","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129071264,"gmtCreate":1624348527558,"gmtModify":1703834092424,"author":{"id":"3558256460578215","authorId":"3558256460578215","name":"Kai3131","avatar":"https://static.tigerbbs.com/8c3fe780998ada95c84e82562a9e8feb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558256460578215","authorIdStr":"3558256460578215"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129071264","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129070083,"gmtCreate":1624348152742,"gmtModify":1703834087056,"author":{"id":"3575029530877311","authorId":"3575029530877311","name":"BK_001","avatar":"https://static.tigerbbs.com/ae6c60f25dc2e498b6aa2bcc99405def","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575029530877311","authorIdStr":"3575029530877311"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129070083","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4952247,"gmtCreate":1624348943475,"gmtModify":1663229703846,"authorId":3573639773544520,"author":{"id":3573639773544520,"idStr":"3573639773544520","authorId":3573639773544520,"name":"oneplus374","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129070083,"type":1,"supId":0,"prevId":0,"content":"please like and comment","text":"please like and comment","html":"please like and comment"}],"langContent":"EN"},{"id":129046114,"gmtCreate":1624347763838,"gmtModify":1703834080579,"author":{"id":"3582162404483861","authorId":"3582162404483861","name":"Deniseee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582162404483861","authorIdStr":"3582162404483861"},"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129046114","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129048165,"gmtCreate":1624347667457,"gmtModify":1703834082203,"author":{"id":"3566888623365652","authorId":"3566888623365652","name":"seejy","avatar":"https://static.tigerbbs.com/6da6b43e152c674c5cce9536c5613129","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566888623365652","authorIdStr":"3566888623365652"},"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129048165","repostId":2145053984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2145053984"}