GlobalFoundries Secures $1.5 Billion U.S. Award: What It Means for Chip Manufacturing
ALBANY, New York – The U.S. government has announced a $1.5 billion award to chipmaker GlobalFoundries in an effort to expand domestic chip manufacturing in the country. This move comes as the U.S. aims to strengthen its capabilities in the production of computer chips, a crucial component in various industries including technology, defense, and healthcare. GlobalFoundries, a semiconductor company headquartered in Santa Clara, California, will receive the funds to support the construction of new chip …