GlobalFoundries CEO Says Clients Demanding Local Chip Supplies
PositiveArtificial Intelligence

GlobalFoundries CEO Tim Breen has announced that the company's expansion in Germany is a direct response to clients' growing demand for local semiconductor supplies. This move is significant as it reflects a broader trend among businesses seeking to reduce reliance on supply chains from China and Taiwan, ensuring a more stable and secure supply of essential components. By investing in local production, GlobalFoundries is positioning itself to better serve its clients and adapt to the changing landscape of the semiconductor industry.
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