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Semiconductors

Globalfoundries bets on chip 'onshoring' demand ahead of IPO

U.S. chipmaker touts its footprint outside of Asia amid trade uncertainty

Top U.S. contract chipmaker Globalfoundries plans to list on the Nasdaq.   © Getty Images

TAIPEI -- Top U.S. contract chipmaker Globalfoundries is betting the trend for semiconductor "onshoring" will help it win over clients and investors as the loss-making company prepares for an initial public offering in New York.

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