Globalfoundries invests 1.1 billion euros in expansion

More chips for the defense sector and aerospace

With the expansion, GF wants to produce more circuits for Europe's defense sector, for critical infrastructures and for aerospace. The contract manufacturer also wants to expand its "Shuttle" business area. This involves wafers that are shared by several companies, universities or small customers in order to obtain prototypes and small series of chips developed in-house. According to GF, it has around 300 customers worldwide, and the Dresden plant alone has around 120.

Merz: Sprint project a commitment to Germany as an industrial location

"The Sprint project is a commitment to Germany as an industrial location and innovation hub - and above all to the sovereignty of our country and Europe," said Merz. The investment sends out a signal that Germany wants to play an active role in shaping the development of the global semiconductor market. With the national microelectronics strategy, the federal government is setting the course for further expanding these strengths. We are talking about a key technology because it is the key to the future.

According to the head of Saxony's government, Michael Kretschmer (CDU), Germany will not allow itself to be "boiled off" in the international competition in the semiconductor industry. If the industry is subsidized elsewhere in the world, there are also opportunities for support here.

GF Managing Director Tim Breen recalled the recent chip bottlenecks in the automotive industry. This shows how vulnerable global chip supply chains really are. The expansion in Dresden is a further step in GF's strategy to tackle these challenges in a targeted manner. It strengthens GF's role as a "resilient and trusted partner for customers in critical industries".

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