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GlobalFoundries
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GlobalFoundries

US-headquartered foundry that suspended the planned Crolles fab, damaging EU chip ambitions.

GlobalFoundries, the US foundry whose 2025 withdrawal from the Crolles fab damaged EU chip ambitions, produced Europe's first fully sovereign end-to-end chip at its Dresden site with Qualinx on 10 June 2026.

Last refreshed: 22 September 2026 · Appears in 2 active topics

Key Question

After pulling out of Crolles, can GlobalFoundries remain a credible European partner?

Timeline for GlobalFoundries

#16 14 Sept
#12 14 Jul

completed a prior sovereign chip flow at Dresden

European Tech Sovereignty: Mentioned in: EU approves €659m for four German fabs
#10 24 Jun
#9 17 Jun

suspended the Crolles project, removing 7.5bn euros of assumed capacity

European Tech Sovereignty: EU chip share slips to 9%
View full timeline →

Background

GlobalFoundries is a US-headquartered semiconductor contract manufacturer, spun out of AMD's manufacturing operations in 2009 and majority owned by Abu Dhabi's Mubadala Investment Company. It listed on the Nasdaq in 2021. Its main fabs sit in Malta, New York; Singapore; and Dresden, Germany. Unlike TSMC and Samsung, GlobalFoundries does not manufacture at the leading EDGE; it focuses on mature and speciality nodes, using FD-SOI and FinFET processes, for automotive, aerospace and IoT customers.

GlobalFoundries' Dresden fab is a significant employer in Germany's Saxon semiconductor corridor, sitting alongside Infineon and the TSMC-led ESMC joint venture in the same cluster. That existing footprint gives it a structurally different position from new-build Chips Act projects: rather than requiring fresh subsidy to break ground, it can repurpose established capacity for European sovereign manufacturing programmes such as Trusted European Flow.

Key Issues
Sovereign chip flow

Dresden delivers a sovereign chip flow

GlobalFoundries and Qualinx completed the first fully European manufacturing flow for a satellite-navigation chip at GlobalFoundries' Dresden fab on 10 June 2026, using a Deutsche Telekom data layer so no design data left the continent. The Trusted European Flow programme targets commercial qualification by end-2026 and series production in 2027.

The milestone marks a reversal for GlobalFoundries in Europe. Its 2024 suspension of the €7.5bn Crolles joint venture with STMicroelectronics had removed the mathematical basis for the Chips Act's 20% market-share target and left Brussels unable to name a replacement benchmark. Dresden shows an existing GlobalFoundries fab, rather than a new subsidised one, can anchor sovereign capability.

Common Questions
Who owns GlobalFoundries?
GlobalFoundries is majority owned by Mubadala, Abu Dhabi's sovereign wealth fund, and is listed on the Nasdaq. It was spun out of AMD's manufacturing operations in 2009.Source: Lowdown
Why did GlobalFoundries cancel the Crolles factory?
GlobalFoundries cited insufficient customer demand to justify a €7.5bn investment in a new French fab, suspending its joint project with STMicroelectronics in early 2024. The cancellation left STMicroelectronics without a strategic partner for the site.Source: Lowdown
What does the Crolles cancellation mean for the EU Chips Act?
The Crolles suspension, alongside Intel's cancelled Magdeburg megafab, is cited as evidence that the EU Chips Act's 20% production target relied on private capital that was never as committed as policymakers assumed.Source: Lowdown
Is GlobalFoundries still involved in European chip manufacturing after Crolles?
Yes. Although GlobalFoundries suspended the planned €7.5bn Crolles fab in France in early 2024, its Dresden, Germany facility remains active and in June 2026 became the site of the first sovereign European end-to-end chip flow, completed with Qualinx.Source: european-tech-sovereignty
What is the Trusted European Flow programme and when does it launch commercially?
Trusted European Flow is a programme anchored at GlobalFoundries Dresden under which chip design data does not leave Europe. A defence-grade GNSS chip was produced under the flow on 10 June 2026; commercial qualification is targeted for end-2026 and series production for 2027.Source: european-tech-sovereignty
What chips does GlobalFoundries make?
GlobalFoundries focuses on mature and speciality nodes at 12nm and above — including FD-SOI and FinFET processes for automotive, aerospace, and IoT customers. Unlike TSMC and Samsung it does not manufacture at the leading EDGE.