GlobalFoundries creates a joint venture in China for the production of chips on the local market

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POSTER: computer news   ||   GLOBALFOUNDRIES CREATES A JOINT VENTURE IN CHINA FOR THE PRODUCTION OF CHIPS ON THE LOCAL MARKET	DATE:2016-05-31
In recent years the Chinese authorities have put foreign companies in such conditions that they are forced to not only invest in the development of production in the field, but also forced to develop local production using advanced technologies.  For example, during the year in China set up joint venture companies Qualcomm and AMD both with a view to the development of products for the local market.  Or another example - Intel company is upgrading its enterprise in Dalian for the production of 3D NAND-flash memory and 3D XPoint.   GlobalFoundries Company reports that it signed an agreement with the government of the Chinese city of Chongqing t, according to which the American contract manufacturer of semiconductors with the Arab capital in China will create a new joint venture for the production of chips.  GlobalFoundries company will help in the modernization of the production lines of one of the oldest factories in Chongqing.  The factory for the treatment of old lines 200-mm plates would be replaced on the line, designed for processing 300 mm wafers.  The modernized factory will become operational in 2017 and will carry out orders of the Chinese chip designers. As US companies legally prohibited from transferring to China the most advanced process technologies, GlobalFoundries will operate in China through its subsidiary in Singapore.    Modernization of the factory in Chongqing will be handled by experts of the company.   Related Products :

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