Globalfoundries looks to Dresden fab expansion

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German Economy Minister Peter Altmeier in talks with Globalfoundries' CEO Tom Caulfield on plans to expand in Dresden

www.eenewseurope.com, Jul. 02, 2021 – 

German Economy Minister Peter Altmeier has visited Dresden to highlight the importance of the semiconductor industry in Europe.

Expanding the cleanroom space at the GlobalFoundriews fab would depend on a mix of funding sources, likely to include the German state via a renewed IPCEI (Important Project of Common European Interest) and customers prepared to pay upfront for a guaranteed share of the fab's output.

Globalfoundries CEO Tom Caulfield said he was confident that the expansion could go ahead when IPCEI-2 gets funded.

Caulfield did not give any details or put budgetary value on the proposed expansion which appears to be set to come on stream in 2024. Caulfiled did speak more generally of the semiconductor industry's need to invest to support an industry that would have doubled to annual value of $1 trillion within 8 years.

On his visit Altmeier was presented with the chipmaker's ten-year plan. Altmeier has been a keen proponent of Germany providing a substantial helping hand to the domestic semiconductor industry under a renewed IPCEI.

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