Technology: Chip company Globalfoundries invests another billion in Dresden
The US chip company plans to expand its plant in Silicon Saxony. The factory has been fully utilized for years, and the expansion is coming at the right time: the industry needs new capacities.
Globalfoundries plans to expand its Dresden plant by 1.5 billion euros starting in 2028. The company is currently investing 1.1 billion euros in the site, with the state contributing almost half of that amount. The expansion is expected to increase chip production by over 70% from current levels, with mass production in the new clean rooms set to begin next year.
Dresden is currently the largest site of a contract chipmaker in Europe, with 3000 employees, and the company produces specialized semiconductors for other chipmakers.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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