Elon Musk is building a TeraFab chip factory
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GlobalFoundries announced Wednesday it will spend an additional $3 billion at its chip fabrication plants in New York and Vermont to upgrade its AI capabilities. GlobalFoundries CEO Thomas Caulfield went on CNBC Friday and doubled down on the need for the $52 billion CHIPS program that awarded GlobalFoundries $1.
The AI boom is sending memory chip demand soaring — but new supply won’t likely catch up anytime soon, with Samsung Electronics and SK hynix focusing investment on infrastructure and advanced packaging rather than wafer output.