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Source: GlobalFoundries to make Apple chips

MALTA -- GlobalFoundries will build chips for Apple's iPhones and iPads according to a source close to the deal.

The company is currently building a new Technology Development Center, which should open in late-2014. It is expected to assist with perfecting future Apple chips.

"Not being a retail brand we don't talk about who are customers are, what those relationships are, so we're excited we continue to ramp and build the facility, but we don't get into specifics about customers," said Mike Russo, Director of Governmental and Regulatory Affairs for GlobalFoundries.

Despite declining to discuss the deal, GlobalFoundries says any new customers are significant as a business because it shows its U.S. operation is working.

"The New York asset is the U.S. location for our global company and being the newest advanced manufacturing fab, we're going through the process of ramping it as we speak. So any customers that we get here in malta is an additional customer and helps us fully ramp and utilize this facility," said Russo.

The company is also considering building a second fab at the Luther Forest Technology Campus, known as 8.2. Earlier this year it received approvals from Malta and Stillwater. It is not clear what role, if any, the Apple deal will have on the decision.

Emails and calls to Apple and Samsung, which works with Apple on chips, were not returned Monday evening.