GlobalFoundries: The Vital Role of the Third-Biggest Semiconductor Foundry in the U.S.

GlobalFoundries, the world's third-largest chip foundry, is positioning itself to remain competitive in the semiconductor industry by focusing on manufacturing "essential" chips for everyday devices rather than leading-edge chips. The company's chips are found in a wide range of products, from smartphones and cars to smart speakers and AI servers. As tensions with China raise concerns over the world's reliance on Taiwan Semiconductor Manufacturing Company (TSMC), GlobalFoundries finds itself well-positioned outside the geopolitical crosshairs. The company has invested billions to expand production in various locations, including Singapore, Germany, France, and upstate New York. With a focus on older nodes and essential chips, GlobalFoundries aims to stay ahead of the competition and capitalize on the growing AI market.