GlobalFoundries to Receive $1.5 Billion In Funding from U.S. CHIPS Act
Anand Tech
FEBRUARY 20, 2024
First up, the company plans to expand its Fab 8 in Malta, NY, and enable it to build chips for automotive industry on technologies already adopted by its sites in Germany and Singapore. In addition to the Malta expansion, GlobalFoundries plans to construct a new state-of-the-art fab (or rather a module) on the same campus.
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