Over 1 billion euros for chips in Germany - American company aims to expand factory in Dresden
American chipmaker GlobalFoundries announced that it will invest 1.1 billion euros to expand production capacity at its German facility.
The investment at the Dresden location will increase production capacity to exceed one million tiles per year by the end of 2028, the company said in a statement.
“As part of the project, the facility will be upgraded to provide European processes and data flows that meet critical security requirements,” GlobalFoundries added.
German Chancellor Friedrich Merz hailed the project as an important investment for Europe's future, amid geopolitical tensions affecting the semiconductor market.
"We are witnessing a tectonic shift in the world's political and economic centers of power," he said, adding that Germany wants to be a key player in microelectronics to maintain the country's well-being and security.
The expansion project, called SPRINT, is expected to be supported by the German federal government and the State of Saxony within the framework of the European Chip Law.
GlobalFoundries added that European Union approval for the full program is expected later this year.
The German government will support the expansion of the production site with several hundred million euros, according to reports in the Handelsblatt newspaper.
The company has invested more than 10 billion euros in the Dresden location since 2009.
How will the number of employees in agriculture change? - Over 468 thousand in 2026, the number of beneficiaries from schemes increases
16.5 million euros will be the additional budget for agriculture throughout 2026. The Albanian government aims to improve competitiveness in the agricultural......
Domestic wines dominate the Russian market - Western sanctions force Russia to rely on its own production
In the past, supermarket shelves in Russia were dominated by French Burgundy and Italian Barolo, but they are now filled with a range of domestic wines.......
Public administration reaches 87,112 employees - Draft Budget 2026/ Which institutions have the most staff and the least?
The Albanian government is planning to expand the public administration next year. The 2026 draft budget plans to employ 87,012 budget employees, including......
Rare diamond "lights up" Geneva - "Glowing Rose" could sell at auction for $20 million
Sotheby's is preparing to present the "Glowing Rose" in Geneva, a 10.08-carat pink diamond that is expected to fetch up to $20 million at auction. The stone......
Albania leads the region in motor insurance - Around 60% of the market is dominated by MTPL. Voluntary products remain in the shadows
Albania ranks first in Central and Eastern Europe for the largest share of mandatory MTPL insurance in its insurance portfolio. According to data from......
GDP per capita, around 9,046 euros - Tirana 40% above the national average, North and South "fight" for development
According to official data for 2023, the Gross Domestic Product (GDP) per capita in Albania reached 9,046 euros, marking an increase compared to previous......
The year 2025, among the hottest in history - Temperatures and greenhouse gas levels are reaching historic peaks
According to the World Meteorological Organization, 2025 is expected to be the second or third warmest year on record, amid worsening global warming. The......
Investments in hospital infrastructure - The 2026 draft budget foresees new buildings and reconstructions
In the 2026 draft budget, the government opens a wide cycle of interventions in hospital facilities, with a national impact and regional network, to increase......
