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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.

"[There has been] a recent acceleration of geopolitical awareness of just how critically important semiconductors, and in particular semiconductor manufacturing, is to supply chain security, sovereign security and economic security," GlobalFoundries CEO Tom Caulfield said in an online speech at Semicon Southeast Asia, an annual chip industry fair.

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