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U.S. chipmaker GlobalFoundries to double auto chip output for 2021

Key semiconductor supplier warns global supply crunch will last 'well into' 2022

U.S. contract chipmaker GlobalFoundries said it expects to at least double its automotive chip output this year.   © AP

TAIPEI -- Top U.S. contract chipmaker GlobalFoundries said it is on track to at least double its automotive chip output this year in response to an unprecedented global supply crunch and will spend a further $6 billion to expand overall production capacity.

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