US Offers $1.5B to GlobalFoundries for Semiconductor Chip Projects
The CHIPS and Science Act money would go toward work to expand a New York chip plant and build another nearby, and to modernize a plant in Vermont.
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The CHIPS and Science Act money would go toward work to expand a New York chip plant and build another nearby, and to modernize a plant in Vermont.
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GlobalFoundries is a defense and industry contractor whose partners include GM and Lockheed Martin.
(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 SpacecraftChina’s Central Bank
By Song Sang-ho WASHINGTON, Feb. 19 (Yonhap) -- The U.S. government announced a plan Mon...