GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker’s New York facility for GM’s key auto suppliers (Michael Wayland/CNBC)

Michael Wayland / CNBC:
GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker’s New York facility for GM’s key auto suppliers  —  – GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday.