GlobalFoundries shares rise on $2 billion TSM interposer deal
GlobalFoundries said it signed a $2 billion manufacturing agreement with Taiwan Semiconductor Manufacturing Company to produce silicon interposers at its New York plant.
GlobalFoundries (GFS) shares rose Thursday morning, outperforming the wider market, after the company said it signed a $2 billion manufacturing agreement with Taiwan Semiconductor Manufacturing Company (TSM) to produce silicon interposers at its New York plant. The initial term of the agreement was not fully detailed in the source section.