US chip giant opens $4bn Singapore plant
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US chip giant GlobalFoundries opens $4 bn Singapore plant
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GlobalFoundries opens $4-b chip plant in Singapore
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SINGAPORE The world's third-largest contract chip maker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.The semiconductor sector is recovering from disruptions caused by the pandemic, high inflation and sluggish global economic growth caused in part by geopolitical tensions.