Tag: Globalfoundries

Here you will find all the articles with the tag: Globalfoundries.

Chipmaker GlobalFoundries warns employees of layoffs

Chipmaker GlobalFoundries warns employees of layoffs

The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices are on the rise. Demand for chips declines as a result. GlobalFoundries is preparing for an uncertain period by cutting staff. The plan was announced in an email to employees on Friday ... Read more

date13 days ago
Qualcomm and GlobalFoundries sign billion-euro chip production deal

Qualcomm and GlobalFoundries sign billion-euro chip production deal

GlobalFoundries and Qualcomm extended their cooperation. GlobalFoundries' will produce chips for Qualcomm until at least 2028. According to the organizations, the deal is worth billions of euros. GlobalFoundries is a foundry. Foundries invest in factories and equipment to produce customers' chip... Read more

date4 months ago
China’s SMIC to build a new Shanghai plant

China’s SMIC to build a new Shanghai plant

China’s SMIC (Semiconductor Manufacturing International Corp) will invest $8.87 billion to build a plant in Shanghai. SMIC announced the news on Friday, saying it plans to expand capacity, amid a global shortage as Beijing aims to become independent in the sector. The expansion by the country... Read more

date1 year ago