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The world’s third-largest foundry by revenue is looking to expand. In an interview with Reuters, GlobalFoundries CEO Thomas Caulfield discussed bold plans for the company’s future. From doubling its investments and opening new plants to an earlier IPO, there are many things on the horizon. The ongoing effects of the global pandemic have led to an aggressive strategy for the chip manufacturing company.
Caulfield said that prior to the pandemic, chip manufacturing growth was only expected to increase by 5 percent over five years. The new forecast is double that. The increased demand from the automotive and electronics sectors has led to global shortages. Competitors Samsung and TSMC have...
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