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GlobalFoundries (GFS), Renesas Electronics Announce Multi-Billion-Dollar Semiconductor Supply Chain Partnership
GlobalFoundries (GFS) and Renesas Electronics have announced a multi-billion-dollar partnership to enhance semiconductor supply chain resilience, expanding Renesas’ access to GlobalFoundries’ specialized technology platforms. This collaboration supports US domestic chip production and addresses the growing demand for semiconductors in smart vehicles, industrial IoT, and next-gen automated systems. Production will initially focus in the US, with potential expansion to facilities in Germany, Singapore, China, and Renesas’ internal fabrication plants in Japan.