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GlobalFoundries will open a new factory in Chengdu, China, to make inexpensive chips for wireless devices.
The chipmaker, once part of microprocessor designer AMD, also plans to expand production at existing fabrication plants in the U.S., Germany, and Singapore, it said Friday. It makes chips for AMD, IBM, Qualcomm, and Mediatek, among others.
Beginning next year, the new fab in China -- a joint venture with the municipality of Chengdu -- will produce chips on 300-millimeter wafers using standard manufacturing techniques, the company said.
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