AI Summary
GlobalFoundries Inc. experienced a share price increase of up to 7% after announcing a five-year agreement with Taiwan Semiconductor Manufacturing Co. The deal, valued at $2 billion, aims to enhance US production capacity for TSMC.
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- GlobalFoundries Inc. shares increased by as much as 7% following a new business announcement.
- The company has secured a five-year deal worth $2 billion with Taiwan Semiconductor Manufacturing Co.
- The agreement focuses on providing US production capacity to TSMC.
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