The Chip Wars continue: GlobalFoundries scores $1.5 billion to fund expansion in New York, Vermont
The chipmaker is the latest to see a funding infusion as part of Biden's CHIPS and Science Act.
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The chipmaker is the latest to see a funding infusion as part of Biden's CHIPS and Science Act.
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 New York and Vermont.
Direct financial support, including to address the needs of energy and cybersecurity. this bill is also going to help face our challenges here at home. it sends a clear message to the american people that we're investing in safety, health, and the future of americans. let me just mention a couple of highlights, starting with community safety. we know what works to make our communities safer, and that's investing in prevention and community police officers so that they can walk the streets, know the neighborhoods, and can help restore trust and safety in the communities. the answer is not to ab...