GLOBALFOUNDRIES AND QUALCOMM ANNOUNCE EXTENSION OF SUPPLY AGREEMENT TO 2028

 

Semiconductor manufacturer, GlobalFoundries, and Chipmaker, Qualcomm Technologies, Inc, are set to further increase the global semiconductor manufacturing agreement that was entered by the two firms as U.S. suppliers through 2028. This is a result of the passing of the U.S. CHIPS and Science Act.

This was revealed at a CEO Summit held in Washington D.C. by Global Foundries, Ford Motor Company, and Applied Materials. The event had key stakeholders and personalities in attendance.

This announcement with further extend the partnership between Global Foundries and Qualcomm subsidiary, Qualcomm Global Trading Pte. Ltd., in producing chips for “5G transceivers, Wi-Fi, Automotive and IoT [Internet of Things] connectivity.”

“With accelerating demand for 5G, Automotive, and IoT applications, a robust supply chain is critical for ensuring innovation in these areas remains uninterrupted,” said Senior Vice President and Chief Supply Chain and Operations Officer at Qualcomm Technologies, Inc., Dr. Roawen Chen.

“Our continued collaboration with GF helps us to expand the next generation of wireless innovation as we move toward a world where everyone and everything can be intelligently connected.”

President and Chief Executive Officer of GlobalFoundries, Dr. Thomas Caulfield, also made comments on satisfying customer needs as it continues to partner with Qualcomm Technologies, Inc.

“GF’s global manufacturing footprint enables us to partner with our customers to meet their capacity needs, where they need it …Our collaboration with Qualcomm Technologies delivers differentiation and innovation in mobile and IoT spanning three continents, and this long-term agreement extension provides Qualcomm Technologies with additional U.S. based manufacturing for a more resilient supply chain.”

The CHIPS and Science Act looks to improve various tech-
related operations including semiconductor production and supply as well as science, technology, and security. Global Foundries looks to capitalize on this law to serve more of its audience and expand its market.

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