Shearman & Sterling advised GLOBALFOUNDRIES on the project financing of machinery and equipment for the launch and industrial utilization of the new manufacturing technology 22FDX. The novel technology is being developed in the Dresden-based factory Fab 1 and subsequently manufactured for the global market.
GLOBALFOUNDRIES is a leading, full-service semiconductor foundry with manufacturing centers in Germany, Singapore and the United States. With its expertise in semiconductor manufacturing and continuous commitment to research and development, GLOBALFOUNDRIES has helped to establish Saxony as the leading microelectronic/semiconductor cluster in Europe. Its largest semiconductor factory is in Dresden, Germany.