GlobalFoundries CEO Says Clients Demanding Local Chip Supplies

GlobalFoundries Inc. Chief Executive Officer Tim Breen said that the US-based company’s expansion plans in Germany are aimed at meeting increasing demands from clients, who want assurances that their supply of semiconductors is independent from China and Taiwan.

Customers “need to have non-China, non-Taiwan supply” to reduce risks, Breen said in an interview ahead of the company’s formal unveiling of an expansion of its plant in Dresden, Germany.