GlobalFoundries plans €1.1B chip manufacturing expansion in Dresden

GlobalFoundries announced plans to invest €1.1 billion to expand manufacturing capabilities at its Dresden, Germany site, increasing production capacity to over one million wafers per year by the end of 2028. The project, known as SPRINT, is expected to be supported by the German government and the State of Saxony under the European Chips Act.

“GlobalFoundries today announced plans to invest €1.1 billion to expand its manufacturing capabilities at its Dresden, Germany site.”markets.financialcontent.com

• 2 sources
• markets.financialcontent.comDental Economics - GlobalFoundries Plans Billion-Euro Investment to Expand Chip Manufacturing in GermanyGlobalFoundries Inc.May 10, 2019
• connect-professional.deGlobalfoundries setzt auf Chips für Autos - connect-professionalLars BubeJun 7, 2019

Summarized from public sources; check the original articles before acting on it.