This is great news for Global Foiundries as they are increasing their annual wafer manufacturing capacity by 43% which is huge. It is coming on line just as there is going to be an explosion for the need for more advanced semiconductors in many areas. We have seen how fast TSMC has grown over the years as a contract manufacturer as fabless chip manufacturers have grown and need the manufacturing space. Global Foundries has this coming online while several other large semi manufacturers are scrambling to start building new capacity to meet the growing need.
Global Foundries has been highly suspected as a current partner in development with LWLG. They have built crediibility in the area of silicon photonics and have presented alongside Dr. Lebby in the past. It would be great if GFS is a current partner but we won't know until it is formally announced. As a contract manufacturer GFS is in a great position to take up a lot of business in the area of silicon photonics hopefully with LWLG inside.