Growing demand for semiconductors fuels expansion in ‘Silicon Saxony’


A wafer is processed in a single wafer diffusion mechanism inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, US. GlobalFoundries plans to invest €400mil (RM1.94bil) to expand its clean rooms in Dresden. — Bloomberg

Soaring demand for chips and other key semiconductor products is fuelling the expansion plans of chip makers in Dresden, home to a cluster of IT and microelectronics manufacturers.

US chipmaker GlobalFoundries plans to invest €400mil (RM1.94bil) to expand its clean rooms. The company produces 400,000 wafers a year and plans to double this, according to chief executive Manfred Horstmann.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Semiconductors

   

Next In Tech News

Gemini agrees to $5 million fine, injunction over CFTC charges, filing shows
Chip firms surge on hopes of strong AI-led demand
AI-influenced shopping boosts online holiday sales, Salesforce data shows
MCMC and Google still in talks over YouTube social media licensing
Head: CES ‘doesn’t have the same support’ from UK as other nations
TikTok’s live video feature ‘groomed’ minors, Utah AG claims
Man cyberstalked partner and caused lockdown at workplace, US feds say. He’s prison-bound
Space industry funding in India falls 55% in 2024, data show
US robbers steal US$500,000 in jewellery but get caught by tracking device
Samsung adds generative AI to best-selling TV lineup

Others Also Read