GlobalFoundries Invests €1.1 Billion to Expand Chip Production
GlobalFoundries (GF) is set to enhance semiconductor manufacturing at its Dresden facility with a significant €1.1 billion ($1.27 billion) investment. Here are the key details:
– Project SPRINT: The expansion aims to exceed an annual output of one million wafers by the end of 2028.
– European Security Compliance: The Dresden site will feature fully European-controlled processes and data flows to meet semiconductor security requirements.
– Funding Support: The investment depends on the anticipated backing from the German federal government and the State of Saxony, as outlined in the European Chips Act.
– Economic Impact: Saxony’s Minister President Michael Kretschmer highlighted how this investment bolsters Silicon Saxony, Europe’s leading microelectronics hub.
– Technology Focus: The expansion emphasizes low-power operation, embedded secure memory, and wireless connectivity for applications in automotive, IoT, and critical infrastructure.
– Supply Chain Resilience: CEO Tim Breen noted the project’s role in addressing vulnerabilities in global chip supply chains.
This commitment strengthens Europe’s semiconductor landscape, supporting advanced compute architectures and emerging quantum technologies while meeting growing market demands.