GlobalFoundries touts U.S. chip manufacturing for provide chain and national safety factors

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GlobalFoundries hosted an occasion today at its headquarters in Malta, N.Y. to tout why it is essential for the United States to have regional semiconductor manufacturing.

The technologies is so vital to the U.S. infrastructure that it is a important national safety challenge, and it is also essential to possessing a robust semiconductor provide chain. We’ve seen how the business has suffered from a substantial shortage that has impacted every thing from game consoles to car or truck manufacturing through the pandemic. KPMG estimated that the auto business will shed $one hundred billion in sales in 2021 due to the shortage of chips employed in automobiles.

During the previous month, GlobalFoundries has announced it will make $6 billion in investments in its manufacturing web sites in New York, Germany, and Singapore.

The organization stated that its Malta, New York and Dresden, Germany factories will each get $1 billion every single to expand current fabs. It will also place $4 billion into a factory in Singapore. The organization is also organizing a second factory at Malta in a public-private venture. The aim is to double the manufacturing capacity at the Malta web site.

The panels also come amid a rumor, reported by the Wall Street Journal, that Intel is in talks to acquire GlobalFoundries for $30 billion. Intel has also promoted the worth of home-grown semiconductor manufacturing, and it lately stated it would invest $20 billion in manufacturing in Arizona. GlobalFoundries is a foundry, or contract manufacturer, that tends to make chips created by other providers. It operates its personal chip factories in locations like New York state. GlobalFoundries declined to comment on the Intel news Sunday.

These panels continue the discussion began on April 12 at the White House CEO Summit on Semiconductor and Supply Chain Resilience, and furthered at a May 20 summit with U.S. Secretary of Commerce Gina Raimondo attended by GlobalFoundries CEO Tom Caulfield and other business leaders.

Image Credit: GlobalFoundries

One of the panels at the GlobalFoundries occasion is dubbed “Automotive: Strategic realignment of the automotive electronics supply chain.” It’s becoming led by Bob O’Donnell,  president of Technalysis Research, and speakers consist of ​Mike Hogan, senior vice president of GlobalFoundries Kevin Clark, CEO of​ Aptiv ​Greg Henderson, senior vice president of Analog Devices​ and Jonathan Jennings, vice president at​ Ford​.

The other session is “National Security: National security needs for semiconductor supply chains.” The moderator is Kenneth Krieg, former U.S. Under Secretary of Defense for Acquisition, Technology, and Logistics. Panelists consist of Mike Cadigan, senior vice president at GlobalFoundries Christine Michienzi, CTO for the U.S. Office of Secretary of Defense for Acquisition &amp Sustainment and Alan Shaffer, former Acting Assistant Secretary of Defense for Nuclear, Chemical, and Biological Defense Programs. Also participating is David Isaacs, vice president of government affairs at the Semiconductor Industry Association (SIA).

Originally appeared on: TheSpuzz