1.5 billion dollars! The USA subsidizes local wafer fabs to support the expansion of factories in Malta and New York.
The funds awarded will be used to support the expansion of GlobalFoundries' factories in Malta and New York, providing chips for America's car-mart by incorporating the technology already in use at the GF factories in Singapore and Germany.
GlobalFoundries Secures Major Funding for U.S. Expansion
Press Release: GlobalFoundries and U.S. Department of Commerce Announce Award Agreement on CHIPS Act Funding for Essential Chip Manufacturing
Express News | Globalfoundries Inc: Two New York-Based Projects Are Expected to Triple Existing Capacity of Gf’s Malta Campus Over Next 10-Plus Years
Express News | Globalfoundries Inc: Up to $1.5 Bln From Chips and Science Act to Support Gf's New York Expansion Plans and Vermont Facility Modernization
GlobalFoundries Initiated at Neutral by UBS