Chip industry week: GlobalFoundries to build two New York fabs, TSMC posts record revenue

GlobalFoundries will operate two new fabs in Malta, New York, under a U.S.-Japan initiative with up to $21B in investment, with the first fab expected online in 2029. TSMC reported Q3 revenue of roughly $46.7B, up 41.2% year over year, while ASML posted record quarterly sales of €11.7B.

• GlobalFoundries to run two new fabs in Malta, New York, with up to $21B investment
• First GF fab is expected to come online in 2029
• TSMC Q3 revenue reached about $46.7B, up 41.2% year over year
• ASML reported record quarterly sales of €11.7B, up about 55%