How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry

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• world’s third-largest chip foundry

• upstate New York

• Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it

• company is manufacturing chips that perform functions like power management, connecting to displays, or enabling wireless connections.

• Five years ago, GlobalFoundries made a bold move away from leading-edge chips

• spent about $7 billion to expand production in Singapore, Germany, France and upstate New York.

• Advanced Micro Devices decided to break off its manufacturing operations into a separate company

• GlobalFoundries started building its new fab, and future headquarters, in Malta in 2009

• y 2018, GlobalFoundries was a $6 billion business.

• So in 2018, when I became the CEO of GlobalFoundries, we decided to make a strategic pivot to focus all our energy, all our R&D, all of our capital deployment to go be the very best at these essential chips. And that began a journey to turning our company around to profitability.

• only makes 12-nanometer chips and above

• Ultimately, we really need these chips

• We found that out because we had parking lots full of pickup trucks that couldn’t be shipped because they couldn’t put the ECU in or they couldn’t install power seats. So GlobalFoundries had a really strong market requirement.

• Silicon on insulator is a huge differentiator when it comes to power, and TSMC doesn’t use that

• silicon on insulator technology.

• Singapore, the company just completed a $4 billion expansion

• build a jointly owned fab in Crolles, France.

• By only producing older nodes, GlobalFoundries says it’s been “very minimally” impacted.

• GlobalFoundries said it’s putting out 400,000 wafers per year from its Malta fab

• GlobalFoundries is known for making “specialty chips