GlobalFoundries (GF) today announced plans to invest €1.1 billion to expand its manufacturing capabilities at its Dresden, Germany site. The investment will enable a production capacity increase to more than one million wafers per year by the end of 2028, making it the largest site of its kind in Europe. The expansion, known as project SPRINT, is expected to be supported by the German federal government and the State of Saxony under the framework of the European Chips Act, with EU approval ...
