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Qualcomm to spend $4.2 bln more on chips from GlobalFoundries

Aug 8 (Reuters) – Qualcomm agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday. The announcement expands on a prior $3.2 billion purchasing agreement between the two companies and will produce chips for use in 5G transceivers, Wi-Fi, automotive and Internet of…