GlobalFoundries invests billions for new chip plant in Singapore, global expansion

By Celine Chen SINGAPORE, NNA - GlobalFoundries (GF), one of the largest semiconductor foundries in the world, is expanding its global operations and building a new fab on its Singapore campus as it joins the rush by manufacturers to address the crippling shortages of computer chips. Being developed in partnership with Singapore's Economic Development Board at a cost of over $4 billion with co-investments from committed customers, the plant will play an integral role in meeting automotive and electronic companies' spiking demand for GF's manufacturing technologies and services. Announcing the ...