After announcing an investment of $16 billion in early June to enhance chip production capacity in the United States, GlobalFoundries will allocate an additional 1.1 billion euros to its wafer fab in Dresden, Germany, over the coming years. This investment aims to augment the fab's production capabilities to address the burgeoning demand for chips in the market. The Dresden facility serves as a cornerstone for GlobalFoundries, and this expansion will further solidify its position in the global chip manufacturing landscape.