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Feb 19, 2024 · The award to GlobalFoundries will help the firm expand its existing facility in Malta, N.Y., enabling it to fulfill a contract with General Motors to ensure dedicated chip production for its cars.
Feb 19, 2024 · MALTA, N.Y. and ESSEX JUNCTION, VT, February 19, 2024 – The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) 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 ...
Oct 1, 2023 · GlobalFoundries is known for making “specialty chips” in big, exclusive deals, like one with Lockheed Martin in June for onshoring production of certain chips, and a recent $3 billion ...
Feb 19, 2024 · The Biden administration said Monday, Feb. 19, 2024, that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of financial support for a semiconductor company under the 2022 CHIPS and Science Act.
Nov 7, 2023 · November 7, 2023 at 8:35 AM PST. GlobalFoundries Inc., the largest US supplier of made-to-order semiconductors, rose the most in almost nine months after third-quarter earnings topped analysts ...
About us. GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich ...
Jul 15, 2021 · Intel Corp. INTC 0.18% is exploring a deal to buy GlobalFoundries Inc., according to people familiar with the matter, in a move that would turbocharge the semiconductor giant’s plans to make ...
