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Tuesday, 22 March 2011 13:10

Globalfoundries eyes $4bn revenue in 2011

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Hopes to outpace UMC
Chipmaker for hire Globalfoundries is expecting to increase its revenue by about 14 percent this year. With an estimated $4 billion in revenues, GF would surpass UMC in terms of revenue, making it the second largest contract chipmaker in the world.

In a recent interview with Dow Jones Newswires, Globalfoundries CEO Doug Grouse stressed that his outfit is seeing strong demand for mobile chips and that it aims to expand capacity and aggressively transition to more advanced production process technology.

Grouse also downplayed the effects of a recent earthquake in Japan, saying that the supply chain was disrupted, but that orders have not been cut. He pointed out that Globalfoundries’ new plant in Malta, New York will come online sometime in late 2012. The fab is expected to ramp up production to 60,000 wafers a month at some point in 2014. In addition, Globalfoundries has already announced plans to double its capital spending to ramp up 45nm, 40nm and, crucially, 28nm and 32nm production.

More here.

 

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