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Expand Purchasing!Qualcomm Smashed $ 4.2 Billion In Large Orders, Involved In Cars, 5G, Wifi

Post on Nov, 04 2023

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Just the latest news, Qualcomm agreed to from the semiconductor wafer foundry GlobalFoundries New York factory's additional purchase of $ 4.2 billion worth of semiconductor chips, which made it a total of $ 7.4 billion by 2028.

In fact, this additional procurement transaction has expanded the previous agreement between $ 3.2 billion between Qualcomm and GlobalFoundries. The two companies will cooperate to produce chips connected to 5G transceivers, WIFI, automobiles, and IoT.

As we all know, the core of Gexin occupies a very important position in the semiconductor ecosystem.Over the years, the company has always been the main supplier of AMD and has advanced semiconductor chips for its production process technology.However, in 2018, the company gave up the plan for the development of 7 nanometers to compete with Samsung and TSMC.This decision finally caused the core to lose a considerable number of AMD business, but allowed it to focus on more diverse process technologies. These technologies are targeted at those areas that do not require cutting -edge silicon, including radio communication, imaging, optics, optics, and optics., Auto, Industry and the Internet of Things.



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Source: Network



In fact, even today, according to revenue, GlobalFoundries is the third largest chip foundry company in the world, second only to TSMC and Samsung Electronics, but if Samsung is eliminated for the foundry business of other businesses under the company, GlobalFoundries rankingssecond.

GlobalFoundries held a majority equity by the Abu Dhabi sovereign Fortune Fund Mubadala Investment CO. It just launched it at the Nasdaq IPO (the first public offering) last year and raised $ 2.6 billion in funds.

The editor also found that the latest cooperation is based on the long -term cooperation between Gexin and Qualcomm.In 2021, Qualcomm's subsidiary signed a long -term contract with him in a factory producing parts in Gexin's factory in Germany.Since then, the two parties will expand cooperation, including the addition of additional production capacity in the French Corol Worse factories in France, and 8SW radio frequency insulating silicon technology used in the 5G communication in the Singapore factory.



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Source: Network



In other words, Qualcomm is one of the first clients that the company signed a long -term agreement in 2021. The agreement covers multiple regions and technologies.GlobalFoundries CEO Thomas Caulfield issued a statement saying that for the company's factories in northern New York, long -term customers such as Qualcomm, coupled with funding support provided by the US federal government and state government, will be.Helps expand the company's US manufacturing business.

Looking back, the United States-Senate passed a comprehensive legislation last month to subsidize the semiconductor industry in the United States. The content is to provide about $ 52 billion in government subsidies for semiconductor production, and it is a chip with an estimated value of up to $ 24 billion.Factory provides investment tax.At the same time, the European Union has also relaxed financing regulations for innovative semiconductor factories to boost its chip industry and reduce dependence on American and Asian suppliers.



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Source: Network



To this end, Intel and Gexin have announced their expansion plans in the European and American markets to make full use of these subsidies.Gexin has cooperated with Italian Semiconductor to invest 5.7 billion US dollars in France to build a semiconductor factory.

In general, the above two protocols of Qualcomm and Gexin will last until 2028. It is a long -term agreement for both parties to ensure that the chip procurement is stable in the next few years.It is out of stock, price increases, and extremely unstable. From the perspective of the supply chain, it reflects a certain positive significance.