Big federal investment in GlobalFoundries to boost region s economy wcax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcax.com Daily Mail and Mail on Sunday newspapers.
The message on Tuesday was clear: invest in America's future by bringing back manufacturing. GlobalFoundries opened its first chip manufacturing site in Malta 15 years ago, the new investments will go towards expanding the existing site and building a new one next door.
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.