UMC and AP Memory Announce Technology Collaboration for AI and HPC Power Solutions

Can GFS' Manufacturing Expansion Boost Its Future Growth Prospects?

GlobalFoundries has been selected to operate up to two new semiconductor manufacturing facilities in Malta, New York, under a U.S.-Japan investment initiative worth up to $21 billion. The first plant is expected to begin operations in 2029, with each facility adding approximately 900,000 wafers in annual capacity. The company will also reallocate $955 million to invest in silicon photonics, silicon-germanium, and advanced packaging technologies to support AI and data center demand.

The Moment Jensen Huang Realized Nvidia 'Won't Have to Die' Came After a Call From This CEO: 'For the Whole Time, 30 Years…'

Nvidia CEO Jensen Huang reveals how repeated calls and a personal letter to TSMC founder Morris Chang forged a decades-long partnership.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.