SINGAPORE - GlobalFoundries (GF), one of the world’s top contract chipmakers, has acquired Singapore’s Advanced Micro Foundry (AMF), in a boost to the Republic’s role in the artificial intelligence-driven data centre and communications boom.

The move will strengthen Singapore’s position as a trusted, advanced semiconductor manufacturing and innovation hub, and a critical node in the global chip supply chain, said A* Star , which spun off AMF in 2017.