GlobalFoundries plans to continue being the third-largest semiconductor foundry in the world.

GlobalFoundries plans to continue being the third-largest semiconductor foundry in the world

The third-largest semiconductor foundry in the world, GlobalFoundries, is spending a lot of money to stay competitive in the chip manufacturing sector. To increase its capacity in Singapore, Germany, France, and New York, the corporation is investing $7 billion.

In October 2022, GF announced a $7 billion investment to expand its capacity in Singapore, Germany, France, and New York. This investment will allow the company to produce more chips and meet the growing demand from its customers.

GlobalFoundries is focused on manufacturing specialized chips, such as those used in automotive, aerospace, and industrial applications. The company is also investing in new technologies, such as silicon on insulator (SOI), which offers performance and power advantages over traditional bulk silicon chips.

According CNBC, Thomas Caulfield, GlobalFoundries CEO, said “Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it,”

Read Also:

Nike misses on revenue for the first time in two years but meets profit expectations

Kneron raises $49 million to compete with Nvidia as an AI chip company

JP Morgan Chase UK to ban cryptocurrency purchases over fraud fears

Ford & UAW Labor Contract Talks not done

Things To Know About US -South Korea Chips Trade Issue

How Russia’s ban on diesel exports could affect global Economy

Citi Group may cut jobs any time soon in UK

HSBC-backed Silent Eight is using AI to help banks Combat financial crime

In a contest that was won by Taiwan Semiconductor Manufacturing Company five years ago, GlobalFoundries made a daring turn away from cutting-edge chips.

In April 2023, GF announced a partnership with Intel to develop new chips for artificial intelligence (AI) and machine learning (ML) applications. The two companies will work together to develop chips for data centers, cloud computing, and other AI and ML applications.

“Silicon on insulator is a huge differentiator when it comes to power, and TSMC doesn’t use that,” said Matt Moorhead, senior vice president of GlobalFoundries’ computing and graphics business unit.

GlobalFoundries is also banking on its global reach as a competitive advantage. The company has fabs in the United States, Europe, and Asia, which gives it the ability to serve customers all over the world.

“We are the only foundry with a truly global footprint,” said Thomas Caulfield, CEO of GlobalFoundries. “This gives us a unique advantage in serving our customers’ needs.”

GlobalFoundries is facing stiff competition from larger rivals such as TSMC and Samsung. However, the company is confident that it can maintain its position as the world’s third-largest foundry by focusing on specialized chips and new technologies.

GlobalFoundries (GF) is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. It is the world’s third-largest semiconductor foundry, after TSMC and Samsung. GF manufactures integrated circuits on wafers designed for markets such as smart mobile devices, automotive, aerospace and defense, consumer internet of things (IoT) and for data centers and communications infrastructure.

When AMD separated its manufacturing division into a new company in 2008, GF was born. The United Arab Emirates’ sovereign wealth fund, Mubadala Investment Company, owns the business. With fabs in the US, Europe, and Asia, GF employs more than 13,000 people globally.

GF, a significant player in the semiconductor market, is making significant investments in new capacity and technology. Manufacturing specialized chips for applications in the automotive, aerospace, and industrial sectors is where the company places a lot of emphasis. Additionally, GF is making investments in cutting-edge technologies like silicon on insulator (SOI), which outperforms bulk silicon chips in terms of performance and power.