Globalfoundries receives 495M euros for foundry expansion
2 days ago
- #EU funding
- #manufacturing
- #semiconductors
- Globalfoundries receives 495 million euros in state funding for expanding its Dresden semiconductor factory.
- The funding covers 45% of the 1.1 billion euro project cost under the European Chips Act.
- Expansion includes 5000 sqm of cleanroom/lab space, increasing wafer production from 950,000 to 1.1 million annually.
- Production expected to start by 2027, reaching full capacity by 2028.
- Globalfoundries specializes in 22FDX process for microcontrollers, analog circuits, and high-frequency tech.
- X-Fab receives 128 million euros for MEMS sensor production in Erfurt, starting in 2029.
- Both companies commit to prioritizing EU orders in crises and supporting engineering education.