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The native authorities in Chengdu, capital of southwestern Sichuan province, is in search of compensation for losses from a failed chip making three way partnership, in keeping with the preliminary public providing prospectus of GlobalFoundries, which is in search of an inventory in New York.The US-based chip maker states it put aside a provision of US$34 million in June to settle the potential compensation, and is in talks with the Chengdu authorities to settle the declare, in keeping with the prospectus. That is the primary time…
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