GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing
GFSGLOBALFOUNDRIES(GFS) Newsfilter·2024-02-19 18:30

1.5billionpotentialinvestmentwillsupporttheexpansionofGlobalFoundriesNewYorkfacility,includingconstructionofanewstate−of−theartfab,andthemodernizationofitsVermontfacility,addingsecurecapacityforessentialchipmanufacturingforautomotiveandotherkeymarketsAdditional1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, adding secure capacity for essential chip manufacturing for automotive and other key markets Additional 600 million plus planned in New York State Green CHIPS and other State benefits over the 10-year term of the New York projects MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. ...