GlobalFoundries, a US-based multinational semiconductor contract manufacturing and design company, has announced plans to establish a new production facility in Dresden, Germany. The company plans to invest at least $1bn in the plant which will increase its global wafer production capacities from 300,000 in 2020 to 850,000 in 2022. GlobalFoundries and Qualcomm Technologies also recently announced that they are more than doubling their existing strategic global long-term semiconductor manufacturing agreement.
GlobalFoundries will open an additional wafer production facility in Crolles, Frances with STMicroelectronics. It will be located adjacent to STMicroelectronics adjacent 300mm facility and will allow the companies to better serve European and global clients.
Go deeper with GlobalData
GlobalFoundries was established in 2009 and is headquartered in Malta, New York. The company has additional operations in California, Vermont and Singapore.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
