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To understand why local semiconductor manufacturing is important for the United States, GlobalFundries hosted an event today at its headquarters in Malta, NY.
U.S. This technology is so complex for infrastructure that it is an important national security issue, and it is also important to have a strong semiconductor supply chain. We have seen how the industry has faced a major shortage that has affected everything from game consoles to car manufacturing during the epidemic. KPMG estimates that the auto industry will lose 100 100 billion in sales in 2021 due to a shortage of chips used in automobiles.
Over the past month, GlobalFundries has announced that it will invest billions of dollars in its manufacturing sites in New York, Germany and Singapore.
The company said its factories in Malta, New York and Dresden, Germany, would both receive 1 1 billion each to expand existing fabs. It will also put billion 4 billion into a Singapore factory. The company is also planning a second public-private venture in Malta. It aims to double production capacity at the Malta site.
Panels also come amid rumors, reported by Wall Street Journal, That Intel is in talks to buy GlobalFunds for 30 30 billion. Intel has also boosted the value of home-grown semiconductor manufacturers, and recently said it would invest 20 20 billion in manufacturing in Arizona. Global Foundries is a foundry or contract manufacturer that makes chips designed by other companies. It operates its own chip factories in locations including New York State. GlobalFoundries declined to comment on Intel News on Sunday.
The panels continue discussions at the White House CEO Summit on Semiconductor and Supply Chain Resilience, which began April 12, and include discussions with Tom Culfield, CEO of GlobalFundries, and other industry leaders. The move comes ahead of a May 20 summit with Commerce Secretary Gina Raymondo.
One of the panels at the Global Foundries event is called “Omot Tomotive: Strategic Religion of the Automotive Electronics Supply Chain”. It is led by Bob O’Donnell, chairman of Technologies Research, and speakers include Mike Hogan, senior vice president of GlobalFundries; Kevin Clark, CEO of Tiv Ptiv; Greg Henderson, Senior Vice President of Analog Devices; And Jonathan Jennings, vice president of Ford.
The second session is “National Security: The Need for National Security for Semiconductor Supply Chains.” The mediator is Kenneth Craig, the former U.S. Under Secretary for Acquisitions, Technology and Logistics. The panelists include Mike Cadigan, senior vice president of GlobalFundries; Christine Micheinzi, U.S. for acquisition and defense. CTO of the Secretary of State; And Alan Schaefer, former executive assistant secretary for nuclear, chemical and biological conservation programs. David Isaacs, vice president of government affairs at the Semiconductor Industry Association (SIA), is also in attendance.
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