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GlobalFoundries Rallies After Announcing $2 Billion TSMC Deal

The TSMC Museum of Innovation in Hsinchu, Taiwan.Photographer: An Rong Xu/BloombergTakeaways by Bloomberg AIGlobalFoundries Inc. shares gained as much as 7% after the chip manufacturer announced a five-year, $2 billion deal to provide US production capacity to Taiwan Semiconductor Manufacturing Co.Under the agreement, announcedBloomberg Terminal Thursday, GlobalFoundries will help supply components known as silicon interposers. The US company will rely on manufacturing at its facility in Malta,...

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