Globalfoundries to invest $2.5 billion in 300mm facilities

Globalfoundries is planning to spend $2.5 billion on expanding its 300mm wafer production in 2010.

The investment is part of Globalfoundries' efforts to increase its market share by 50 percent by 2012. The company plans to seize 30 percent of the foundry marked by late 2012.

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