GlobalFoundries, TSMC Sign $2B US Advanced Packaging Deal

The notable shift here is structural rather than financial: a foundry usually seen as a lagging-edge player is being folded into the leading-edge packaging supply chain, and the interposer — long an underappreciated chokepoint — is being localized on US soil for the first time. That matters most for AI accelerator customers dependent on CoWoS, who gain a second geographic source, and for GlobalFoundries' Malta site as it takes on a higher-value role. The open question is timing: with volume ramp only in the first half of 2028, this does nothing to ease near-term packaging constraints.