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GlobalFoundries CEO: Chip industry output must double in 10 years

Regions compete for manufacturing capacity as geopolitical awareness increases

 Employees of Globalfoundries hold silicon wafers.   © EPA/Jiji

TAIPEI -- The chip industry will need to double its production capacity in the next eight to 10 years to address shortages and growing government concerns over supply chain security, the CEO of the biggest U.S. contract chipmaker said on Monday.

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