GlobalFoundries To Build $4 Billion Chipmaking Plant In Singapore To Address Semiconductor Shortage
GlobalFoundries—controlled by United Arab Emirates sovereign wealth fund Mubadala Investment Co.—said Tuesday it will invest $4 billion to build a chip manufacturing plant in Singapore to meet the unprecedented demand for semiconductors worldwide.
Germany’s car association cuts 2021 sales growth forecast
Germany’s automotive industry association on Wednesday cut its growth forecast for 2021 car sales in Europe’s biggest economy to 3% from 8% citing production…