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US to Award $1.5 Billion to GlobalFoundries in Chips Act Grant

(Bloomberg) -- The US plans to award $1.5 billion to GlobalFoundries Inc., the largest domestic maker of made-to-order semiconductors, as part of the Biden administration’s effort to strengthen the nation’s chip production.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeAT&T Outage Triggered by Company Work on Network ExpansionUS Lands on Moon in Historic Feat for Private SpacecraftCh...
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Source: yahoo.com

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