Reported about 14 hours ago
GlobalFoundries has announced a €1.1 billion investment to enhance manufacturing capabilities at its German facility in Dresden, aiming to boost production capacity to over one million wafers per year by the end of 2028. The expansion, named SPRINT, will implement advanced European processes to meet critical semiconductor security needs. German Chancellor Friedrich Merz emphasized the project as a strategic investment for Europe's future amidst geopolitical challenges, with expected support from the German government and the European Chips Act.
Source: YAHOO