GlobalFoundries Secures $2 Billion TSMC Deal for AI Chip Components, Expanding New York Fab

GlobalFoundries has entered a $2 billion supply agreement with TSMC to provide U.S.-based silicon interposers, a crucial component for AI chips. This five-year deal will necessitate an expansion of GlobalFoundries' manufacturing plant in Malta, New York, with volume production expected to begin in the first half of 2028. The agreement strengthens semiconductor supply chains and supports AI infrastructure development.