Why GlobalFoundries Chips Are So Important To The U.S.

In its short 14 year history, GlobalFoundries has risen to the world’s third largest chip foundry. Although it’s not manufacturing chips at the bleeding edge, or seeing tremendous gains from the generative AI boom like Nivida has, GlobalFoundries is quietly helping power nearly every connected device. Its chips are inside every high-end smartphone, cars, smart speakers and yes, the servers running generative AI. It’s also the only major chip foundry based in the U.S., giving it an edge as tensions with China cause concern over the world’s reliance on chips made in Taiwan by TSMC. Now it’s spending about $7 billion to expand production in parts of the world with lower risk: Singapore, Germany, France, and upstate New York. CNBC went to Malta, New York, for a firsthand look at the expansion and to ask how it plans to stay ahead while focusing on the older chips still essential for everyday devices. Chapters: 2:19 - Exiting the leading edge 5:45 - Global growth 9:48 - Making chips in America 13:42 - Defense, autos and AI Produced and Shot by: Katie Tarasov Edited by: Amy Marino Supervising Producer: Jeniece Pettitt Animation: Jason Reginato Additional Camera: Erin Black, Carlos Waters Additional Footage: AMD, Getty Images, NXP, , Nvidia, Patrick Moorhead, TSMC, WNYT » Subscribe to CNBC: » Subscribe to CNBC TV: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: Subscribe to CNBC PRO: #CNBC Why GlobalFoundries’ Chips Are So Important To The U.S.