The firm is also investing in expanding its design support capabilities
Through a joint venture with the government of Chongqing, GlobalFoundries plans to expand its global manufacturing footprint by establishing a 300mm fab in China.
The firm is also investing in expanding design support capabilities to serve customers across the country better.
'China is the fastest-growing semiconductor market, with more than half of the world’s semiconductor consumption and a growing ecosystem of fabless companies competing on a global scale,' said GlobalFoundries' CEO Sanjay Jha.
'We are pleased to partner with the Chongqing leadership to expand our investment in support of our growing Chinese customer base.'
The initial plan includes upgrading an existing semiconductor fab to accommodate the manufacturing of 300mm wafers using GlobalFoundries’ proven production technologies from its Singapore site.
The proposed joint venture will provide immediate access to a state-of-the-art facility, accelerating time-to-market with production planned to start in 2017.