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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

What's Going On With GlobalFoundries Stock Tuesday?

Globalfoundries,Office,In,Silicon,Valley,,Santa,Clara,,California,,Usa,-

GlobalFoundries (NASDAQ:GFS) jolted investors Tuesday by announcing a 1.1 billion euros expansion in Dresden alongside the sudden departure of its CFO.

The chipmaker expects the site to top one million wafers each year by late 2028.

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