Chip manufacturer Globalfoundries Inc. said it is planning a multibillion-dollar investment in an upstate New York factory, part of a novel strategy for introducing new production technology. The company, which is owned by investors affiliated with the government of Abu Dhabi, didn’t provide specific dollar figures for the plans. Dan Hutcheson, an analyst at VLSI Research, estimates that Globalfoundries would need to spend $4 billion...

Source: Wall Street Journal September 15, 2016 21:50 UTC