GlobalFoundries pledges $1bn expansion to ease chip supply crisis

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With the world still struggling under the weight of the ongoing semiconductor supply crisis, various chip firms around the world are announcing expansion plans to help reach soaring demand. Now, the US-based semiconductor manufacturer GlobalFoundries has announced its current US expansion plans, which involve investing $1 billion into their Malta, New York, fabrication plant, as well as longer-term plans to launch a new fab at the same location…

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