Globalfoundries receives €495M EU funding for Dresden fab expansion

The EU Commission approved €495 million in state funding for Globalfoundries' expansion of its semiconductor fab in Dresden, Germany. The total project cost is €1.1 billion, and production is expected to start in 2027 with full capacity by end of 2028.

“The expanded production could start as early as 2027; by the end of 2028, the expansion is expected to reach its full production capacity.”heise.de

• 1 source
• heise.deGlobalfoundries receives 495 million euros for foundry expansion | heise onlineMark MantelDec 11, 2025

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