Semiconductors power myriad aspects of modern life. That’s why the U.S. Department of Commerce and White House awarded $1.5 billion to U.S.-headquartered semiconductor maker GlobalFoundries, to accelerate domestic production of the crucial components.
GlobalFoundries is set to embark on the construction of a new fabrication facility in Malta, New York, aiming to introduce "high-value technologies currently unavailable in the US."
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