According to the Nikkei Asian Review, since the chip shortage has not eased, Tom Caulfield, CEO of the wafer foundry GlobalFoundries, said that before the end of this year, he will decide to choose Singapore, New York or Germany to increase investment and expand production. At the same time, he also denied reports that GF cooperated with STMicroelectronics to set up a factory in France.

GlobalFoundries has been investing heavily over the past few years to increase capacity at all three of its manufacturing sites. Caulfield said the company would "continue to pursue capacity to meet demand" over the "next five to 10 years", stressing its willingness to make additional investments in any of the three existing sites.

At the same time, Caulfield said, "it's very difficult for us to think about building a manufacturing facility elsewhere". And denied reports that the company is considering a partnership with STMicroelectronics to build a factory in France.

According to research firm Counterpoint, GlobalFoundries ranked fourth in the world in the first quarter of this year, behind TSMC, Samsung and UMC.