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 ...

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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

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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. 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