U.S. chipmaker GlobalFoundries to double auto chip output for 2021

u s chipmaker globalfoundries to double auto chip output for 2021

Sumary of U.S. chipmaker GlobalFoundries to double auto chip output for 2021:

  • The executive warned, however, that the chip supply crunch will “extend well into next year as it takes quite a while for new investments to turn into capacity, and the overall lead time for silicon [chips] to make it into the auto manufacturers is also quite long.
  • GlobalFoundries — which is owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co. — has rushed to heed the call of U.S. and European governments seeking to bring semiconductor production onshore due to national security concerns.
  • GlobalFoundries CEO Tom Caulfield recently said the chip industry as a whole needs to double production output in the next decade to address lingering shortages and growing government concerns over supply chain security.

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