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MALTA, N.Y. GlobalFoundries is set to receive $1.5 billion in planned direct funding as part of the U.S. CHIPS and Science Act, the U.S. Department of Commerce announced Monday morning. Officials said this investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets. New York-headquartered GF, celebrating its 15th year of operations, is the only U.S.-based pure-play foundry with a global manufacturing footprint including facilities in the U.S., Europe, and Singapore. GF is the first semiconductor pure-play foundry to receive a […]

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