US to award $1.5B to GlobalFoundries to expand computer chip production
The funding for this stems from the CHIPS and Science Act, passed by Congress in 2022, to fight a chip shortage exacerbated by the COVID-19 pandemic.
Source: newsnationnow.com
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Semiconductors: Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law, ET Telecom
Semiconductors: The Commerce Department's choice of a military contractor instead of a conventional chip manufacturer reveals the national security focus of the law, as more and more weapons systems depend on advanced chips that could be decisive in both preventing and fighting wars.
Source: indiatimes.com