Reuters
GlobalFoundries to build New York factory, boost chip output
(Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters, and spend $1 billion to boost output to address the global chip shortage. GlobalFoundries, owned by the United Arab Emirates’ sovereign wealth fund Mubadala Investment Co, makes radio-frequency communications chips for 5G, chips for high-reliability manufacturing for automotive customers, and other specialized semiconductors. The new factory will be at GlobalFoundries’ “Fab 8” site in upstate New York, where its headquarters moved from California earlier this year, it said at an event announcing the plans.
