GlobalFoundries and GM Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips
MALTA, N.Y. and DETROIT— General Motors Co. (NYSE: GM) and GlobalFoundries (NASDAQ: GFS) (GF) announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. Through this first-of-its-kind agreement, GF will manufacture for GM’s key chip suppliers at GF’s advanced semiconductor facility in upstate New York bringing a critical process to the U.S. This agreement supports […]
Auxo Investment Partners Bolsters its Wire Harness and Cable Platform, Golden State Assembly, with the Acquisitions of Morgan Royce Industries and TACK Electronics
Morgan Royce Industries is a manufacturer of cable assemblies and box builds for the semiconductor equipment industry TACK Electronics is a manufacturer of custom wire harnesses and cable assemblies for customers in the aerospace and defense, gaming, medical, transportation and battery/energy equipment industries Acquisitions follow Auxo’s recent purchase of Golden State Assembly, a vertically integrated wire/cable assembly and harness […]
President Biden Highlighted Importance of CHIPS Enactment During State of the Union Address
WASHINGTON—The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding President Biden’s State of the Union Address. “During tonight’s State of the Union Address, President Biden highlighted last year’s historic enactment of the CHIPS and Science Act, a landmark new law that will greatly strengthen America’s economy, national security, […]