GlobalFoundries (GFS) and GM (GM) Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

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Go back to GlobalFoundries (GFS) and GM (GM) Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

GlobalFoundries and GM Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

February 9, 2023 11:30 AM EST

MALTA, N.Y. and DETROIT, Feb. 9, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) and GlobalFoundries (NASDAQ: GFS) (GF) today announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM's chip supply.  Through this first-of-its-kind agreement, GF will manufacture for GM's key chip suppliers at GF's advanced semiconductor facility in upstate New York bringing a critical process to the U.S.

This agreement supports GM's strategy to reduce the... More