Globalfoundries and the Chengdu municipality have announced an investment to spur innovation in China's semiconductor industry. The partners plan to build a FD-SOI ecosystem including multiple design centers in Chengdu and university programs across China. The investment of more than US$100 million is expected to attract leading semiconductor companies to Chengdu, making it a center of excellence for designing next-generation chips in mobile, Internet-of-Things (IoT), automotive and other high-growth markets.
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