June 25, 2021: New York-based advanced chipmaker GLOBALFOUNDRIES began a major Asia- PaciUc production expansion with the groundbreaking of a new fabrication facility (fab) in Singapore. The new factory is being funded by an investment of S$5 billion (over $4 billion) by GLOBALFOUNDRIES itself, in cooperation with the Singapore Economic Development Board and several co-investors.
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Attention Re: The European Chips Act
The EU has committed 43 billion euros ($47 billion) in public and private investment into European semiconductor manufacturing to boost European semiconductor manufacturing and reduce dependency on foreign semiconductor production to alleviate strain on the semiconductor supply chain.
NEWS
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