ElevATE Semiconductor, GlobalFoundries Partner On High-Voltage Chips For Commercial And National Security Applications
Portfolio Pulse from Benzinga Newsdesk
ElevATE Semiconductor and GlobalFoundries (NASDAQ:GFS) have announced a partnership to produce high-voltage chips at GF's Vermont facility. These chips, designed by ElevATE and manufactured using GF's 7HV technology, are crucial for commercial semiconductor testing equipment and aerospace and defense systems.
June 05, 2024 | 12:43 pm
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GlobalFoundries (NASDAQ:GFS) has partnered with ElevATE Semiconductor to produce high-voltage chips using its 7HV technology platform. This partnership is expected to enhance GF's market position in both commercial and national security sectors.
The partnership with ElevATE Semiconductor to produce high-voltage chips using GF's 7HV technology is likely to enhance GlobalFoundries' market position and revenue streams in both commercial and national security sectors. The use of GF's proven 7HV technology platform and the production at its Vermont facility indicate a strong potential for reliable and efficient manufacturing, which is positive for GF's stock in the short term.
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