SINGAPORE—The world’s third-largest contract chipmaker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as part of a
The semiconductor sector is recovering from disruptions caused by the pandemic, high inflation and sluggish global economic growth caused in part by geopolitical tensions.
The chips, usually used in smartphones and other mobile devices, are also increasingly in demand by automakers, especially for electric vehicles, adding to the pressure to raise production.
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