Globalfoundries Looking to Expand
The joint project between AMD and an Abu Dhabi investment group, Globalfoundries Inc., is looking to expand and increase its chip making capacity. Still trailing Taiwan Semiconductor by a large margin, the company views this as a smart move. Demand shows no sign of decreasing, and a little extra competition in this sector couldn't hurt. The $6 billion that will be spent for this upgrade will be focused at the Dresden, Germany and upstate New York plants. The recent surge in demand for tablet PCs is helping to drive demand for build-to-order chip makers.