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GlobalFoundries Receives $1.5 Billion in CHIPS Act Funding to Expand US Semiconductor Production - Vimarsana News

GlobalFoundries Receives $1.5 Billion in CHIPS Act Funding to Expand US Semiconductor Production

GlobalFoundries is set to embark on the construction of a new fabrication facility in Malta, New York, aiming to introduce "high-value technologies currently unavailable in the US."

Report: AI Data Centers, More EVs Could Boost Global Semiconductor Demand in Q2 2024 - Vimarsana News

Report: AI Data Centers, More EVs Could Boost Global Semiconductor Demand in Q2 2024

The semiconductor industry foresees a demand surge from AI data centers and EVs, with IDC projecting over 20% annual growth and notable rebounds after a decline.