Ex-Im Bank backs $1.03 billion for U.S. exports to Germany

Europe

Friday, December 14, 2012

The U.S. Export-Import Bank approved a $1.03 billion loan to GLOBALFOUNDRIES to finance the export of American-made semiconductor manufacturing equipment to Germany. The transaction, which is Ex-Im Bank’s third with GLOBALFOUNDRIES and its related entities, will support about 9,700 jobs, according to Commerce and Labor department data. Four American exporters from California, Massachusetts, and Oregon will participate in the transaction. In specific, Ex-I...

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