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September CPI rose 3.7% year over year, above the 3.6% forecast and up from 3.4% in August. By midday, the Nasdaq 100 was down 1.0%, the S&P 500 fell 0.7%, and the 2-year Treasury yield had risen 14 basis points to 4.93%.
GlobalFoundries was picked to operate two new fabs at its Malta, New York site under a U.S.-Japan initiative funding up to $21 billion. About $10 billion will accelerate construction of a new 300mm fab expected to come online in 2029; a second fab would receive about $10 billion. First fab targets about 900,000 300mm w
Initial $10B Investment To Accelerate Construction Of New 300mm Fab - Second Fab To Receive $10B
GlobalFoundries was selected to operate two new semiconductor fabs in New York under a U.S.-Japan initiative.