Page 34 - Microchip Technology News Today

The U.S. government announced a plan Monday to award roughly $1.5 billion to the New York-based chipmaker, GlobalFoundries (GF), to strengthen domestic semiconductor production, drawing attention to its support plans for foreign firms like Samsung Electronics.

The U.S. government is awarding $1.5 billion to GlobalFoundries to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip production.

GlobalFoundries, the worlds third-largest contract chipmaker, will build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont, according to a preliminary agreement with the Commerce Department.

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The U.S. government is awarding GlobalFoundries $1.5 billion to subsidize semiconductor production, including a new facility in Malta, New York.

(RTTNews) - The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside after endin...

GlobalFoundries shares were moving sharply higher in pre-market trading Tuesday after the semiconductor company received a $1.5 billion U.S. government grant to boost domestic chip production. Monitor these key chart levels.

GlobalFoundries, the world's third-largest contract chipmaker, is set to receive $1.5 billion in subsidies from the US government to bolster semiconductor manufacturing.

CHANDLER, Ariz., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The electrification of everything is driving the widespread adoption of Silicon Carbide (SiC) technology in…

Billion-dollar grant will help GlobalFoundries build a new semiconductor factory to strengthen homegrown US hardware capabilities.