Groundbreaking ceremony for billion-euro expansion
Semiconductor manufacturer GlobalFoundries has given the official go-ahead for the expansion of its chip factory in Dresden. The company began the so-called "SPRINT" expansion of its site with a symbolic ground-breaking ceremony. A total of around 1.1 billion euros is to be invested. The aim is to significantly increase production and further advance technological development.
The Dresden site is already considered one of the most important semiconductor factories in Europe. The expansion will further consolidate this role.