GlobalFoundries and Qualcomm announce extension of long-term settlement to safe U.S. provide by means of 2028

Washington, United States. 08 August, 2022 – Following the current passage of the U.S. Chips and Science Act final week, GlobalFoundries, a worldwide supplier in feature-rich semiconductor manufacturing and Qualcomm Applied sciences, Inc. introduced they’re greater than doubling their present strategic world long-term semiconductor manufacturing settlement beforehand entered into by GF’s and Qualcomm’s respective subsidiaries. The announcement secures wafer provide and commitments to assist U.S.-based manufacturing by means of capability enlargement at GF’s most superior semiconductor manufacturing facility, in Malta, New York.

The announcement was made in Washington D.C. at a CEO Summit co- hosted by GF, Ford Motor Firm, and Utilized Supplies, which included Nationwide Financial Council director Brian Deese, Beneath secretary of Protection for Acquisition & Sustainability William LaPlante, and Nationwide Safety Council senior director for expertise & nationwide safety, Tarun Chhabra underscoring the significance of home manufacturing to nationwide and financial safety. The Summit included CEOs and senior leaders from throughout the semiconductor provide chain from instrument and wafer producers to key suppliers to finish customers of chips manufactured within the U.S.

GF has been manufacturing Qualcomm Applied sciences’ characteristic wealthy, high-performance chips for a few years, reaching throughout its world footprint. In 2021, Qualcomm International Buying and selling Pte. Ltd (QGT), a subsidiary of Qualcomm Applied sciences, was considered one of GF’s clients to safe their provide with a long-term settlement overlaying a number of geographies and applied sciences. That settlement secured 22FDX capability at GF’s Dresden facility and can now embody capability at GF’s lately introduced facility in Crolles, France, making QGT an anchor buyer in GF’s European proprietary expertise. QGT has additionally secured capability in GF’s 8SW radio-frequency silicon-on-insulator (RFSOI) applied sciences for sub 6GHz 5G front-end module (FEM) which shall be primarily manufactured in GF’s Singapore services, the place website enlargement plans are properly underway with full ramp anticipated in early 2023.

The announcement particularly extends QGT’s U.S. based mostly collaboration with GF in FinFET for 5G transceivers, Wi-Fi, Automotive and IoT connectivity. GF’s FinFET platforms present a mix of efficiency, energy and space which might be well-suited for high-end Cellular, Automotive and IoT functions.

“That is terrific information for GlobalFoundries, Qualcomm Applied sciences and for upstate New York. Simply days after we handed my historic, bipartisan CHIPS & Science invoice, we will already see the semiconductor business reinvesting in america. This deal to 2028 proves what we’ve all the time identified – that the business will develop right here after we are aggressive with Asia and Europe.  With main new federal incentives for microchip manufacturing within the U.S., I stay up for many extra bulletins like this to return,” says Senate majority chief Chuck Schumer.

“With accelerating demand for 5G, Automotive and IoT functions, a strong provide chain is essential for making certain innovation in these areas stays uninterrupted,” says Roawen Chen, senior vp and chief provide chain and operations officer, Qualcomm Applied sciences, Inc. “Our continued collaboration with GF helps us to broaden the following technology of wi-fi innovation as we transfer towards a world the place everybody and every thing will be intelligently related.”

“GF’s world manufacturing footprint permits us to associate with our clients to satisfy their capability wants, the place they want it,” says Thomas Caulfield, president and CEO of GF. “Our collaboration with Qualcomm Applied sciences delivers differentiation and innovation in cell and IoT spanning three continents, and this long-term settlement extension gives Qualcomm Applied sciences with further U.S. based mostly manufacturing for a extra resilient provide chain.”

“In the present day’s announcement from our CEO Summit in Washington, D.C. secures Qualcomm Applied sciences as a key long-term buyer by means of 2028 in our most superior fab in upstate New York, which along with U.S. CHIPS and state funding, will gas increasing GF’s U.S. manufacturing footprint. We applaud the bipartisan efforts and management demonstrated by Senator Schumer and the unbelievable assist of Commerce Secretary Raimondo to carry again chip manufacturing to America,” provides Caulfield.

The world demand for semiconductors is rising at an unprecedented price, and GF is responding to this development by means of a sequence of strategic long-term agreements with present and new clients and concurrently increasing world capability to satisfy buyer demand in partnership with federal and native governments. The announcement with Qualcomm Applied sciences is a crucial step according to this collaborative mannequin. 

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