Building a new chip manufacturing plant is expensive, usually costing between $10 billion and $15 billion. GlobalFoundries has now opted out of building a cutting edge fabrication plant for 7-nanometer chips, indicating it plans to focus its attention on older 12-nanometer and 14-nanometer factories, which would require less investment. Advanced Micro Devices (AMD) said it would switch from GlobalFoundries to Taiwan Semiconductor (TSMC) for its latest chips. With the GlobalFoundries move, only TSMC, Intel and Samsung are left to build the new 7-nanometer factories. Continue reading GlobalFoundries Will Not Build Factory for 7-Nanometer Chips

The aging pay phones of New York City are getting a digital makeover. Mayor Bill de Blasio’s office announced a five-borough “LinkNYC” plan to give New York City residents access to free and fast Internet service. The “Link” devices, installed as replacements to the city’s 6,400 coin-operated pay phones, will also provide free phone calling and a free charging station. City officials expect the digital advertisements on the Link devices to bring in at least $20 million in annual ad revenue. Continue reading New York City Plans to Transform Pay Phones into Wi-Fi Hubs