From Quiver Quantitative: 2025-06-05 01:42:00

GlobalFoundries increases investment to $16 billion, allocating $1 billion to capex and $3 billion to R&D. The company plans to expand factories in New York and Vermont, focusing on gallium nitride chip production. Collaboration with the U.S. government aims to localize critical chip manufacturing technology. The $3 billion R&D investment targets chip packaging, silicon photonics, and gallium nitride initiatives. GlobalFoundries aims to strengthen its position in the AI hardware market and enhance U.S. semiconductor production capacity. The company plans to collaborate with tech giants and secure government support to drive innovation and growth in the chip industry.



Read more at Quiver Quantitative: GlobalFoundries (GFS) Pours $3B into R&D to Capitalize on AI