GlobalFoundries Gets $1.5 Billion In Funding For Secure Chip Production

The $1.5 billion in funding that GlobalFoundries is receiving through the CHIPS and Science Act will support domestic semiconductor manufacturing for aerospace, defense and other key markets. 

Credit: Alamy Stock Photo
GlobalFoundries (GF) has been awarded $1.5 billion through the U.S. CHIPS and Science Act that will be used to manufacture secure chips in New York State and Vermont for aerospace, defense and other crucial markets. Malta, New York-based GF is the first semiconductor pure play foundry to receive an...

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