Mon, Apr 13, 2009 - Page 11 News List

US firm invests in chip industry

'THE TIMING IS GOOD' GlobalFoundries will invest US$3.3 billion to build a plant in Saratoga County and US$2.7 billion to upgrade operations at its plant in Dresden

AFP , SINGAPORE

Grose said that his company offers a choice.

“In any industry, there’s got to be alternatives and we're going to provide some choice to customers on the leading edge,” he said.

He also said he was encouraged after his initial meetings with potential customers.

“Is it a bad time to invest? I think it is a good time,” he said.

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