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flag GlobalFoundries to invest $575M in New York semiconductor center, boosting U.S. chip supply.

flag GlobalFoundries plans to invest $575 million to build a new packaging and testing center for semiconductors in New York, aiming to strengthen the U.S. chip supply chain. flag The project, supported by state and federal funding, will create about 100 new jobs over five years and includes $186 million for research and development over the next decade. flag The center will focus on advanced packaging and photonics to support industries like AI, aerospace, and defense.

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