Samsung, Globalfoundries Team Up in Challenge to TSMC

Samsung Electronics Co. and Globalfoundries Inc. are teaming up in the made-to-order chip business, an alliance aimed at stealing orders from Taiwan Semiconductor Manufacturing Co.

Globalfoundries will license Samsung’s most advanced new chipmaking technology, called 14-nanometer FinFET, giving customers access to production at plants in Texas, New York state and South Korea. Terms of the accord weren’t disclosed.