Tag: Globalfoundries

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

French government puts 2.9 billion euros into chip factory

French government puts 2.9 billion euros into chip factory

The French government is subsidizing a new chip factory by STMicroelectronics and GlobalFoundries to the tune of 2.9 billion euros. The subsidy is part of a larger French plan for the semiconductor industry. The chip makers' new factory is located in Crolles near the city of Grenoble. The chips ... Read more

date10 months ago
GlobalFoundries stocks fall despite positive performance in Q1

GlobalFoundries stocks fall despite positive performance in Q1

The US chip maker outperformed its earnings projections but fell short on its guidance for Q2. GlobalFoundries (GF) stock prices dropped more than 9% this week. This is despite the company having posted better-than-expected first-quarter earnings, according to a report in SiliconANGLE. The r... Read more

date11 months ago
EC authorizes STMicroelectronic and GlobalFoundries chip factory

EC authorizes STMicroelectronic and GlobalFoundries chip factory

Chipmakers STMicroelectronics and GlobalFoundries received EU authorization on Friday to develop a new chip facility in France with French public aid. The action will improve Europe's supply security, resilience, and output of semiconductor technology in the region. The European Commission annou... Read more

date12 months ago
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

date1 year 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

date2 years 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

date3 years ago