Today at a personal GlobalFoundies occasion, CEO Tom Caulfield accompanied by Senate Majority Leader Chuck Schumer, introduced that the corporate is ready on growth. At the center of this new initiative is a doubling of Fab 8, GF’s main manufacturing facility, at the price of round $1B. Accompanying that is the disclosure that GF goes to construct one other manufacturing facility near Fab 8, in Malta NY, as a part of a Private-Public partnership. Details of the brand new facility weren’t given.
GlobalFoundries is a contract producer of microprocessors, specializing in adjacency applied sciences from 12nm and bigger geometries. While most column inches are spent discussing the modern manufacturing at GF’s rivals, in a dialogue with the CEO we had been informed that GF addresses round 70% of the semiconductor market and within the present local weather is presently operating all of its amenities at most manufacturing.
GF has three fundamental fabs in Malta NY, Dresden Germany, and Singapore – all three are operating at most output, and GF lately introduced a brand new plant in Singapore able to 450Ok wafers per 12 months. Tom Caulfield informed us previous to that announcement that the Malta fab is round two-thirds full of kit, Dresden is at about half, however Singapore is full, therefore the brand new Singapore fab. In March GF introduced a $1.4B growth divided equally between the three websites, with Production capability is predicted to extend by 13% this 12 months and by 20% subsequent 12 months because of the elevated funding. Today’s announcement commits to including extra machines at Malta to scale out to the area already there, for one more 150ok wafers per 12 months, at a price of $1B.
New web site with the brand new branding. They ought to have put ‘Moore’
The different component of the announcement is the brand new fab in Malta. The deployment of a brand new facility, particularly at scale, prices billions. GlobalFoundries at present acknowledges that it’ll take billions, citing the US authorities’s want to extend nationwide manufacturing in gentle of the worldwide scale and constructing extra on American soil. Exactly how GF will implement a brand new facility has not been disclosed – no timeline, no prices, no details about the place the funding is coming from, or what course of nodes will probably be manufactured on-site. It was introduced that it will be a private-public partnership, creating chips for high-growth areas similar to automotive, 5G, and IoT. The fab is ready to create 1000 technical jobs and one other few thousand in ancillary positions within the native space to help it. Discussions had been additionally made in gentle of the semiconductor provide chain, and the necessity to make investments and evolve that a part of the enterprise alongside manufacturing enhancements. Senator Schumer spoke about the necessity to go develop semiconductors, holding up a bag of chips alongside a wafer.
These bulletins are a part of a prepare of latest disclosures and speak about GlobalFoundries. Last week it was rumored that Intel was in search of to amass GF for $30 billion, nonetheless at present GF introduced an entire brand change and rebranding of the enterprise, which doesn’t are likely to happen if an organization is within the technique of acquisition talks. Alongside this, GF is predicted to carry ahead its Initial Public Offering (IPO) from 2022 to late 2021. The firm is presently owned wholly by the Emerati state holding firm Mubadala, and the IPO is on the again of some development of GF in gentle of the excessive semiconductor demand atmosphere. GlobalFoundries expects 2021 income to be round $6.2 billion, a +9% development over 2020.
Official Press Release from GlobalFoundries
