"GlobalFoundries Receives $1.5 Billion US Funding for Semiconductor Production Expansion"
TL;DR Summary
GlobalFoundries has secured $1.5 billion in funding from the Biden administration to enhance semiconductor production in the US under the CHIPS Act. The funding will be used for building a new fabrication facility in New York, expanding an existing facility, and modernizing a plant in Vermont. These projects aim to increase semiconductor production for various industries, including automotive, aerospace, defense, and AI, and create jobs while improving domestic semiconductor supply chains.
Topics:business#biden-administration#chips-act#globalfoundries#semiconductor-production#technology#us-expansion
- GlobalFoundries secures $1.5 billion in CHIPS Act funding for US expansion Engadget
- Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles The New York Times
- GlobalFoundries’ Essex Jct. plant poised to see major upgrades from federal grant WCAX
- U.S. to give $1.5B to build computer-chip plant in New York state The Washington Post
- US awards $1.5 bln to GlobalFoundries for semiconductor production Reuters
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