Hardware

GlobalFoundries to double expansion investment to $1.5 billion this year

GlobalFoundries to double expansion investment to $1.5 billion this year

Semiconductor giant GlobalFoundries is putting down “roughly $1.5 billion” toward the expansion of its semiconductor manufacturing capacity. That’s double GlobalFoundries usual yearly tech expansion fund, and it could mark a promising future for the wafer industry.

According to David Reeder, the company’s Chief Financial Officer, future wafer supply will be pre-allocated in order to gain upfront funding for this massive expansion. He notes that a third of the total amount will come from these customer and partner pre-orders.

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