Saturday, October 27, 2018

Globalfoundries, Chengdu government realign JV strategy

Globalfoundries and the Chengdu municipality have signed an amendment to their investment and cooperation agreement. Based on market condition changes, Globalfoundries' renewed focus on differentiated offerings and discussions with potential clients, the two firms have decided to bypass the original phase one investment in mainstream process technology (180/130nm). It is also agreed that the project's timeline will be adapted to better align capacity to meet demand from China for differentiated offerings including Globalfoundries' 22FDX technology.
With more than US$2 billion of design wins and more than 50 client designs, Globalfoundries' 22FDX technology is demonstrating traction as the industry's leading platform for power-optimized chips across a broad range of high-growth applications such as automotive, 5G connectivity and IoT. Globalfoundries' China-based clients have begun to adopt the technology at Globalfoundries' advanced manufacturing site in Dresden, Germany, including seven customers and more than nine products in various stages of manufacturing ramp.


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