GlobalFoundries announced a €1.1 billion investment to expand manufacturing in Dresden, Germany, making it Europe’s largest site by 2028. The project, known as SPRINT, will increase production capacity to over one million wafers annually. The investment is supported by the German federal government, Saxony, and EU approval under the European Chips Act. The upgrade will enhance semiconductor security and offer end-to-end European processes. The expansion focuses on critical technologies for automotive, IoT, defense, and infrastructure applications. GF’s CEO emphasized the importance of secure supply chains and innovation in physical AI technologies.

The investment in Dresden strengthens the semiconductor ecosystem and promotes advanced solutions in the automotive sector. GlobalFoundries’ expansion reinforces Europe’s semiconductor industry and enhances supply chain resilience. The partnership with GF supports innovation in automotive and IoT markets, contributing to Europe’s role as a hub for advanced semiconductor manufacturing. GF’s increased capacity supports the commercialization of AI technologies and accelerates digital transformation. The company recently joined the “Made for Germany” initiative, demonstrating commitment to major industrial investment in the country.

Read more at GlobeNewswire: GlobalFoundries Plans Billion-Euro Investment to Expand