GlobalFoundries CEO Says Clients Demanding Local Chip Supplies
PositiveTechnology

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. As the semiconductor industry continues to evolve, this shift could enhance local economies and foster innovation in technology.
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