Globalfoundries to make 2x more chips for Qualcomm

GlobalFoundries and Qualcomm doubling their existing strategic global long-term semiconductor manufacturing agreement. Securing wafer supply is important during these upredictable times. Not only the demand fulfilling but also to ensure both US based companies help each other in protecting mutual business and even rising US share of chip market. The release by GlobalFoundries says this agreement secures wafer supply and commitments to support U.S.-based manufacturing through capacity expansion at GF’s most advanced semiconductor manufacturing facility, in Malta, New York. With the mobile phone segment getting too crowded and saturated with lesser profit margin, Qualcomm is venturing into automotive domain in a big way due to huge prospects in that market. Shortage of chips in automotive is more severe than other markets. To ensure consistent supply of chips, semiconductor chip vendors look for reliable partners who can allot dedicated fab time for making their chips. Globalfoundries FDSOI fab is more suitable for automotive domain. Globalfoundries says In 2021, Qualcomm Global Trading Pte. Ltd (QGT), a subsidiary of Qualcomm Technologies, was one of GF’s first customers to secure their supply with a long-term agreement covering multiple geographies and technologies where that agreement secured 22FDX capacity at GF’s Dresden facility and will now include capacity at...