Chipmaker GlobalFoundries plans $6 bln expansion in Singapore, US, Germany – Reuters

Chipmaker GlobalFoundries plans $6 bln expansion in Singapore, US, Germany – Reuters

Chipmaker GlobalFoundries said on Tuesday it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States amid a chip shortage that is hurting automakers and electronics firms globally.

Read More…

Manufacturers have an answer to higher costs: Pass them on – Reuters

In 2018, Whirlpool Corp (WHR.N) swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs.

Read More…