GlobalFoundries (GF) has outlined a €1.1bn ($1.27bn) funding to develop semiconductor manufacturing at its Dresden facility in Saxony, Germany.
With this funding, the corporate goals to attain an annual output exceeding a million wafers by the tip of 2028.
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This enlargement, named undertaking SPRINT, is contingent on anticipated assist from each the German federal authorities and the State of Saxony, beneath provisions of the European Chips Act.
Approval from the European Union (EU) for the whole funding programme is anticipated later this 12 months.
Saxony’s Minister President Michael Kretschmer mentioned: “The additional enlargement of semiconductor manufacturing right here at GlobalFoundries is a transparent dedication to a novel location.
“The billion-euro funding is extra excellent news for Silicon Saxony, Europe’s most vital microelectronics location, and demonstrates the attractiveness and dynamism of the cluster that has grown right here.”
The corporate will improve the Dresden website with end-to-end European-controlled processes and knowledge flows to fulfill particular safety necessities for semiconductors.
The elevated capability will deal with GlobalFoundries’ core know-how platforms, together with low energy operation, embedded safe reminiscence, and wi-fi connectivity.
These applied sciences are utilized in automotive techniques, IoT purposes, defence {hardware}, and significant infrastructure.
In response to the corporate, undertaking SPRINT is a part of an effort to enhance the resilience of Europe’s semiconductor provide chain, with Saxony remaining a central area for these manufacturing actions.
The enlargement additionally helps future improvement in compute architectures and quantum applied sciences as adoption will increase.
GlobalFoundries CEO Tim Breen mentioned: “Latest disruptions within the automotive sector underscore simply how weak international chip provide chains actually are.
“Our deliberate enlargement in Dresden is yet one more step in GF’s technique to deal with these challenges head-on and ship on our dedication to assist Europe’s want for safe provide chains and differentiated applied sciences.”
GlobalFoundries collaborates with clients to develop power-efficient merchandise for automotive, good cellular units, IoT, communications infrastructure, and different rising markets.
The corporate operates fabrication websites in North America, Europe, and Asia.
In July 2025, GlobalFoundries signed an settlement to amass MIPS, aiming to boost its AI and processor mental property (IP) portfolio.
Primarily based in San Jose, California, MIPS develops compute subsystem applied sciences for autonomous platforms in automotive, industrial, and embedded markets.
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