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Semiconductor Supplier GlobalFoundries to Spend $16B to Boost US Chip Production
investopedia.com/semiconductor-supplier-globalfoundries-to-spend-usd16b-to-boost-us-chip-production-11747975
Key Takeaways
- GlobalFoundries plans to spend more than $16 billion to increase chip production in the U.S.
- The supplier of major tech firms said the move followed calls by President Donald Trump to increase domestic manufacturing.
- GlobalFoundries noted that the decision was also…
This story appeared on investopedia.com, 2025-06-04 17:44:00.657000.