GlobalFoundries announced an additional $3 billion investment to bolster U.S. semiconductor production, bringing its total to $16 billion. This funding aims to support emerging technologies like silicon photonics, reflecting a broader trend among tech firms to prioritize domestic suppliers amid rising tariffs. Executive Chairman Thomas Caulfield attributed the investment to President Trump's policies aimed at reviving manufacturing jobs. While GlobalFoundries does not compete directly with TSMC in leading-edge tech, it continues to deliver specialized semiconductors for various applications, with the significance of U.S. production gaining prominence in light of potential tariffs.
"Today's announcement is a direct result of President Trump's leadership and his vision to bring back high-paying manufacturing jobs and reestablish secure, domestic supply chains for critical technologies."
"Many of these components are still manufactured in the US, something that's become increasingly valuable with the specter of an up to 100 percent tariff on foreign made chips looming over the industry."
Collection
[
|
...
]