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 Technologie...