Globalfoundries sees success for its diversification strategy
By Christoph Hammerschmidt, eeNews
February 19, 2019
The Dresden plant of chip manufacturer Globalfoundries has returned to normal production after a six-month period of short-time work. The upswing could be regarded as an indication that foundry’s diversification strategy seems to be bearing first fruits.
Globalfoundries had to switch to short-time work in June 2018 after losing a major customer and no longer being able to fully utilise its production facilities in Dresden. Working hours at the entire site were reduced by 20 to 30 percent. The number of employees also fell during this period from approx. 3400 to 3000.
Now the company is pursuing a diversification strategy in Dresden under the new managing director Thomas Morgenstern. "We want to distribute our workload to more customers in order to prevent such unpleasant dependencies on individual key accounts from arising in the first place," said a company spokesman. "Capacity utilisation is not yet where we would like it to be, but we are making progress.” The spokesman did not want to say which new customers the company was able to win. The Californian touchpad specialist Synaptics is certainly one of them - in a recent telephone conference with analysts, Synaptics CEO Rick Bergman had made a statement to this effect. He referred to Globalfoundries' 22FDX process, the Dresden-based foundry’s bread-and-butter technology.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
|
Related News
- GLOBALFOUNDRIES Appoints Michael Hogan as SVP and General Manager to Support New Market Engagement Strategy
- GLOBALFOUNDRIES and Chengdu Realign Joint Venture Strategy
- GLOBALFOUNDRIES Achieves 14nm FinFET Technology Success for Next-Generation AMD Products
- Cisco chip exec sees steady ASIC investments
- Synopsys Enables Silicon Success for GLOBALFOUNDRIES' First Complex 20-nm Design
Breaking News
- Achronix and Mobiveil Announce Partnership to Deliver High-Speed Controller IP and FPGA Engineering Services
- Wave Goodbye, Hello MIPS as Chapter 11 Resolved
- Global Semiconductor Sales Increase 13.2% year-to-year in January
- AMD, TSMC & Imec Show Their Chiplet Playbooks at ISSCC
- Arasan announces the immediate availability of its MIPI C-PHY / D-PHY Combo IP for SoC Designs on TSMC 22nm Process
Most Popular
- AMD, TSMC & Imec Show Their Chiplet Playbooks at ISSCC
- BrainChip Inc. and NaNose Medical Successfully Detect COVID-19 in Exhaled Breath with Fast High-Accuracy Results
- Global Semiconductor Sales Increase 13.2% year-to-year in January
- Synopsys Delivers Breakthrough Performance with New ZeBu Empower Emulation System for Hardware-Software Power Verification
- North American Semiconductor Equipment Industry Posts January 2021 Billings, Topping $3 Billion for First Time