GlobalFoundries Acquires Renesas’ Non-Volatile Resistive RAM Technology to Proliferate IoT and 5G Applications

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General Motors (GM) and GlobalFoundries (GFS) announce long term direct supply agreement

February 9, 2023 3:06 PM EST

American vehicle manufacturer General Motors (NYSE: GM) announced Thursday, alongside GlobalFoundries (NASDAQ: GFS), that the two have in a strategic, long-term agreement. The agreement establishes a dedicated capacity corridor exclusively for GM's chip supply. Through this direct supply agreement, GFS will manufacture key chips for GM through their advanced semiconductor facility in upstate New York bringing a critical... More