GlobalFoundries confirms $1.5 billion award from the US Chips and Science Act

The previously leaked decision to award GlobalFoundries $1.5 billion in subsidies to manufacture chips in the US is now official. The company has announced an agreement with the US Department of Commerce to receive direct funding through the Chips an

By: TechSpot

Dec 11 2024
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GlobalFoundries confirms $1.5 billion award from the US Chips and Science Act — GlobalFoundries confirms $1.5

What just happened? GlobalFoundries, the third-largest semiconductor foundry in the world, is finally receiving the funding promised by the US government through the Chips Act. The official announcem… [+2931 chars]

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