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Biden administration
- The Biden administration is granting $1.5 billion in funding to GlobalFoundries to bolster semiconductor production under the CHIPS Act. The company, which spun out from AMD in 2009 and also has access to $1.6 billion in loans from the CHIPS Program Office, will split the cash between three projects.
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Feb 19, 2024 · Ana Swanson reported from Washington, and Don Clark from San Francisco. Feb. 19, 2024. The Biden administration on Monday announced a $1.5 billion award to the New York-based chipmaker...
The majority investor of GlobalFoundries, Abu Dhabi's Advanced Technology Investment Co., announced on September 6, 2009, that it has agreed to acquire Singapore-based Chartered Semiconductor Manufacturing Co. Ltd., for a total of $3.9 billion, with Chartered's operations being folded into GlobalFoundries.
Feb 19, 2024 · Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT) to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to strengthen U.S. domestic supply chain resilience, bolster U.S. competitiveness ...
Feb 19, 2024 · GFS. WASHINGTON (AP) — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in...
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Feb 19, 2024 · GlobalFoundries intends to use the funding to help pay for the construction of a new advanced chip factory in Malta, New York, increase production at its existing plant in Malta as part of a strategic agreement with General Motors, and revitalize its plant in Burlington, Vermont. Book Review: So you think the culture wars are new?
Feb 19, 2024 · By Doina Chiacu and David Shepardson. February 19, 20241:56 PM PSTUpdated 3 months ago. WASHINGTON, Feb 19 (Reuters) - The U.S. government is awarding $1.5 billion to GlobalFoundries (GFS.O) to...
Feb 19, 2024 · GlobalFoundries is a defense and industry contractor whose partners include General Motors Co. and Lockheed Martin Corp. Chips produced at the sites are expected to be exported globally,...
