📊Executive Summary

GlobalFoundries is expanding its semiconductor design center in Kolkata, India, as part of its long-term strategy to explore cross-border manufacturing opportunities. The expansion will enhance research and development ties between India and the United States, focusing on advanced semiconductor technologies for applications in low-emission vehicles, IoT devices, and AI. This initiative is supported by the West Bengal government, which has provided additional space for GlobalFoundries within the Software Technology Parks of India (STPI) facility. This development signifies a commitment to strengthening semiconductor capabilities in India, which could impact sourcing strategies for companies reliant on semiconductor technologies....