GlobalFoundries to Receive $1.5 Billion In Funding from U.S. CHIPS Act
Anand Tech
FEBRUARY 20, 2024
The latest domestic chip fab to receive money under the act, GlobalFoundries's funding will be spent to upgrade company's New York and Vermont fabs as well as build a brand-new fab module. 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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