GlobalFoundries, Qualcomm Extend Supply Agreement Through 2028

Qualcomm extended its capacity reservation agreement to source wafers from GlobalFoundries through 2028, said the companies Monday. The extension secures wafer supply and commitments to support U.S.-based manufacturing through capacity expansion at GF’s semiconductor fab in Malta, New York,30 miles north of Albany, they said. The new multimillion-dollar agreement “specifically extends” Qualcomm’s U.S.-based collaboration with GF in 5G transceivers, Wi-Fi, automotive and IoT connectivity, they said.