FILE PHOTO: An artist's rendering shows the possible look of a new fab for the chipmaker GlobalFoundries' in Singapore, in this handout picture obtained by Reuters on June 22, 2021. GlobalFoundries/Handout via REUTERS
(Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters, and spend $1 billion to boost output to address the global chip shortage.
GlobalFoundries, owned by the United Arab Emirates' sovereign wealth fund Mubadala Investment Co, makes radio-frequency communications chips for 5G, chips for high-reliability manufacturing for automotive customers, and other specialized semiconductors.
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