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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...
United States New York Lael Brainard Bloomberg Businessweek Abu Dhabi Globalfoundries Inc
Source: yahoo.com

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US awards $1.5 billion to GlobalFoundries for semiconductor production

WASHINGTON (Reuters) -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 world's 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 Dep...
United States New Hampshire New York David Shepardson Mark Reuss Scott Malone
Source: yahoo.com

Nordea Investment Management AB Boosts Stock Holdings in Microchip Technology Incorporated (NASDAQ:MCHP)

Nordea Investment Management AB boosted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 826,148 shares of the semiconductor company’s stock after acquiring an additional 9,374 shares during […]
James Eric Bjornholt Karltond Johnson Securities Exchange Commission Halpern Financial Inc Exchange Commission Microchip Technology Incorporated

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