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Qualcomm hits a $4.2 billion order, involving chips such as automobiles, 5G, and WiFi

Qualcomm hits a $4.2 billion order, involving chips such as automobiles, 5G, and WiFi

Source:our siteTime:2022-08-09Views:

In the latest news, Qualcomm agreed to purchase an additional $4.2 billion worth of semiconductor chips from semiconductor foundry firm GlobalFoundries’ New York facility, bringing its total purchases to $7.4 billion by 2028.In effect, the additional…

In the latest news, Qualcomm agreed to purchase an additional $4.2 billion worth of semiconductor chips from semiconductor foundry firm GlobalFoundries’ New York facility, bringing its total purchases to $7.4 billion by 2028.


In effect, the additional purchase deal expands on a previous $3.2 billion agreement between Qualcomm and GlobalFoundries to collaborate on the production of chips for 5G transceivers, WiFi, automotive and IoT connectivity.

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As we all know, GF occupies a very important position in the semiconductor ecosystem. For many years, the company has been a major supplier to AMD, producing semiconductor chips with advanced process technology. In 2018, however, the company abandoned plans to develop a 7-nanometer process to compete with Samsung and TSMC. The decision ultimately cost GF a sizable chunk of AMD's business, but freed it to focus on a more diverse range of process technologies targeting areas that don't require cutting-edge silicon, including radio communications, imaging, optics , automotive, industrial and IoT.


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