Semiconductor manufacturer and designer GlobalFoundries received $1.5 billion in Chips Act funding to support three projects. Part of the funding will go toward expanding GlobalFoundries’ chip fabrication facility, or fab, in Malta, New York by adding critical technology it already uses in Singapore and Germany for vehicles.
GlobalFoundries also plans to use the funding to build a new state-of-the-art fab on its Malta campus for essential chips that can be used for automotive, aerospace, defense, and artificial intelligence. The third project focuses on modernizing its “longest continuously operated fab” in Essex Junction, Vermont, and creating the first U.S.-based facility that can manufacture next-generation gallium nitride (GaN) semiconductors at a high volume for technologies including power grids and data centers.
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June 17, 2024 at 04:00PM
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Intel, TSMC, and other chip companies get billions in U.S. subsidies - Quartz
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