22FDX

GlobalFoundries this week reiterated plans to invest $1.4 billion this year in expansion of its manufacturing capacities across the world. Around one third of the sum will be co-invested by GlobalFoundries' customers who want to ensure that they have capacity allocation for years to come. The world's fourth largest foundry is also mulling to bring forward its IPO to late 2021 ahead of its original 2022 date. In any typical year, GlobalFoundries spends about $700 million on expansion of its production capacities, however growing demand for chips has made clear the need for faster than normal groth - as a result the company is to invest $1.4 billion on expansion this year. The money will be divided equally between GlobalFoundries' sites in Dresden, Malta (New...