UAE-backed GlobalFoundries and TSMC announce $2bn manufacturing agreement
UAE -backed semiconductor manufacturer GlobalFoundries has announced a $2 billion deal with Taiwan Semiconductor Manufacturing Company to bolster US chip manufacturing. GlobalFoundries , based in New York, said it would be supplying TSMC with silicon interposers, which help chips communicate on logic boards. The company's stock reacted positively to the news on Thursday, gaining 2.8 per cent to…
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