Chip manufacturer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/globalfoundries” target=”_blank”>GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies.
The Malta, New York-based company said it is working with the Trump administration to bring ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/chip-manufacturing” target=”_blank”>chip manufacturing technology and various components of that supply chain onto US soil.
The chip manufacturer attributed the expansion to the boom in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/artificial-intelligence-hardware” target=”_blank”>artificial intelligence hardware, a trend that has also benefited other…
