A planned semiconductor factory in upstate New York will likely be delayed if a bill to bolster the U.S. computer chip industry fails to pass in the coming weeks, the chief executive of GlobalFoundries Inc told Reuters on Tuesday.
The bill, which aims to counter rising competition from China, would provide payments to companies like Intel Corp, Samsung Electronics Co Ltd, Taiwan Semiconductor Manufacturing Co and GlobalFoundries to construct chip factories in the United States. "To do it sooner rather than later, we would need government co-investment with us," Caulfield told Reuters in an interview."We have good free cash flow generation, but we'd have to build up the balance sheet to go make those investments."
Caulfield said talks for that plant began just before the start of this year and came together in about six months because the French government moved quickly with subsidies.
Source: News Formal (newsformal.com)
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