The Doc in China and Sidlo seemed to have been focused on the correct two Areas of the globe...Sidlo in Abu Dhabi UAE wonder if there will be an update.... Not very many share traded large shareholder still in place? Green World Trust? All very strange...
First place Trump visits....Saudi ....seems everything is for sale...
A while back there as a statement about two State looking to provide development Assistance....
Lot of coincidences.
Could have been Washington State and New York? Voxx International is also in New York.. Large number of ex Motorola Mobility executive working together at Global Foundries... Global Foundries will have large amount of "older equipment of make battery chips" The need to wean themselves off of oil and this could do?
"These new investments will allow us to expand our existing [factories] while growing our presence in China through a partnership in Chengdu," Jha said.
The announcement comes one day after Intel Corp. CEO Brian Krzanich met with President Donald Trump in the White House to outline plans to build a $7 billion chip manufacturing plant in Chandler, Arizona. The Trump administration described Intel's project as the most advanced computer chip plant in the world.
GlobalFoundries was formed as a manufacturing spinoff of Advanced Micro Devices in 2009. The company is owned by an investment arm of the Abu Dhabi government. GlobalFoundries has created 3,048 jobs in Malta, New York, since it began building a $15 billion manufacturing complex in the Saratoga County town.
Jha said GlobalFoundries plans a 20 percent increase in production capacity of its 14-nanometer FinFET chips, which use three-dimensional transistors. Those investments will be completed by early next year.
GlobalFoundries also has reached an agreement with the Chengdu government to build a chip plant that is expected to begin production in 2019. The agreement comes four months after GlobalFoundries ceased negotiations to build a factory with the Chongqing government in southwest China.
The chip maker also plans to increase manufacturing capacity at plants in Dresden, Germany, and Singapore.
The manufacturing upgrades follow news in September that GlobalFoundries is spending billions of dollars to develop the next generation of computer chips at its factory in Malta.
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