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GlobalFoundries to Receive $1 5B in CHIPS Act Funding | Business | Feb 2024

GlobalFoundries to Receive $1 5B in CHIPS Act Funding | Business | Feb 2024
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GlobalFoundries to get $1 5B from US for chip manufacturing

GlobalFoundries to get $1 5B from US for chip manufacturing
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New Electronics - GlobalFoundries receives funding for essential chip manufacturing

GlobalFoundries (GF) has announced that it is to receive $1.5bn in direct funding as part of the US CHIPS and Science Act enabling it to expand and create new manufacturing capacity and capabilities.

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GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing

$1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, adding secure capacity for essential chip manufacturing for automotive and other key markets Additional $600 million plus planned in New York State Green CHIPS and other State benefits over the 10-year term of the New York projects MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE)

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Learn How a $1 5 billion U S CHIPS Act Investment Enables GlobalFoundries to Expand its Semiconductor Production

The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defence, and other vital markets.

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