The US government said Wednesday it has finalized a grant with chipmaker GlobalFoundries to support its semiconductor manufacturing investments, as President Joe Biden works to secure parts of his legacy before Donald Trump's White House return.

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$1.5 Billion awarded to GlobalFoundries Expansion

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US finalizes US$1.5 billion chips award to GlobalFoundries

ALBANY, N.Y. (NEWS10)--- GlobalFoundries, a semiconductor company, will be receiving $1.5 billion dollars from the federal Government to expand its current facility and build a brand-new chip manufacturing plant at its Capital region location. "GlobalFoundries is one of only four companies around the world that produces these current and mature chips outside of China," explained U.S. Commerce Deputy Secretary, Don Graves."It’s the only company h…

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The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York

Washington (AFP) Nov 20, 2024 
The US government said Wednesday it has finalized a grant with chipmaker GlobalFoundries to support its semiconductor manufacturing investments, as President Joe Biden works to secure parts of his legacy before Donald Trump's White House return. 
The binding contract provides up to $1.5 billion in direct funding and comes under the CHIPS and Science Act, a suite of incentives to boost researc

Space Daily

Australia

US finalizes $1.5 bn chips award to GlobalFoundries

The U.S. Department of Commerce announced on Wednesday that it will provide $1.5 billion in aid to GlobalFoundries (GF) under the CHIPS law to boost microchip production. Joe Biden’s executive seeks to consolidate its policies before Donald Trump’s return to the White House, and the released funds will be part of the financing of three semiconductor factories that the group plans to build or modernize in the states of New York and Vermont (east)…

El Departamento de Comercio de Estados Unidos anunció el miércoles que otorgará 1.500 millones de dólares de ayuda a la empresa GlobalFoundries (GF) en el marco de la ley CHIPS para impulsar la producción de microchips.
El Ejecutivo de Joe Biden trata de consolidar sus políticas antes del retorno de Donald Trump a la Casa Blanca, y los fondos liberados serán parte del financiamiento de tres fábricas de semiconductores que el grupo planea constru…

Otorgan 1.500 millones de dólares a GlobalFoundries para impulsar la producción de microchips

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GlobalFoundries receives $1.5 billion to boost microchip production

TechXplore

MALTA, N.Y. — GlobalFoundries and the Department of Commerce officially finalized its CHIPS award of up to $1.5 billion in direct funding through the bipartisan CHIPS & Science Law spearheaded by U.S. Senate Majority Leader Chuck Schumer. According to a press release, the award follows the previously signed preliminary memorandum of terms announced in February […]

The Saratogian

GlobalFoundries’ $1.5B CHIPS award finalized

The US government said on Wednesday (Nov 20) it has finalised a grant with chipmaker GlobalFoundries to support its semiconductor manufacturing investments, as President Joe Biden works to secure parts of his legacy before Donald Trump’s White House return.

Business Times

US finalises US$1.5 billion chips award to GlobalFoundries

Washington, D.C. – Today, U.S. Senator Kirsten Gillibrand hailed the awarding of $1.5 billion in CHIPS and Science Act funding for GlobalFoundries, a leading manufacturer of semiconductors. The funding will enable GlobalFoundries to expand its existing chip manufacturing facility and to construct a new state-of-the-art facility in Malta, New York. “The Capital Region has established…

Oswego County Today

Oswego County TodayGillibrand Praises $1.5 Billion In Chips Funding For Globalfoundries; Grant Will Expand Facility, Enable Construction Of A New Factory, And Create Good-Paying Jobs In The Capital Region

The US government said Wednesday it has finalized a grant with chipmaker GlobalFoundries to support its semiconductor manufacturing investments, as President Joe Biden works to secure parts of his legacy before Donald Trump’s White House return. The binding contract provides up to $1.5 billion in direct funding and comes under the CHIPS and Science Act, a suite of incentives to boost research and US semiconductor production. The United States pr…

US finalizes $1.5 bn chips award to GlobalFoundries

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