October 30, 2025 /SemiMedia/ — GlobalFoundries said it will invest €1.1 billion (about US$1.28 billion) to expand production capacity at its Dresden facility in Germany, strengthening Europe’s semiconductor manufacturing base.

The expansion, known as SPRINT, is expected to receive financial backing from the German federal government and the state of Saxony under the framework of the European Chips Act. Once completed, the Dresden fab’s annual capacity is projected to exceed 1 million wafers by the end of 2028.

GlobalFoundries said the upgraded site will deliver a fully European manufacturing and data-flow process designed to meet critical semiconductor-security standards.

German Chancellor Friedrich Merz welcomed the project, calling it a key investment for Europe’s future amid ongoing geopolitical tensions that have reshaped global chip supply chains. He said Germany aims to become a leading player in microelectronics to safeguard the nation’s prosperity and security.

The German government is expected to contribute several hundred million euros to the project. Since 2009, GlobalFoundries has invested more than €10 billion in its Dresden operations, reinforcing the site’s role as a strategic production hub within Europe’s semiconductor ecosystem.