GlobalFoundries confirms $1.5 billion award from the US Chips …

1 day ago  · The previously leaked decision to award GlobalFoundries $1.5 billion in subsidies to manufacture chips in the US is now official. The company has announced an agreement with …


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GlobalFoundries Confirms $1.5 Billion Award From The US Chips …

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1 day ago  · The previously leaked decision to award GlobalFoundries $1.5 billion in subsidies to manufacture chips in the US is now official. The company has announced an agreement with …

techspot.com

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US Finalizes $1.5 Billion Chips Award For GlobalFoundries To Expand ...

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2 days ago  · The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New …

reuters.com

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Biden Admin Providing $1.5 Billion To GlobalFoundries To Make …

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Feb 19, 2024  · The Biden administration said Monday, Feb. 19, 2024, that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic …

apnews.com

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US Awards $1.5 Bln To GlobalFoundries For Semiconductor …

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Feb 19, 2024  · The U.S. government is awarding $1.5 billion to GlobalFoundries to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress …

reuters.com

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GlobalFoundries Secures Up To $1.5 Billion Chips Act Funding

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2 days ago  · GlobalFoundries and the Commerce Department have finalized an award of up to $1.5 billion in direct funding to help expand the chipmaker's manufacturing operations. GlobalFoundries on Wednesday ...

morningstar.com

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GF Celebrates Final CHIPS Grant Of $1.5B | Fierce Electronics

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2 days ago  · In recent months, CHIPS for America has announced 22 recipients of proposed grants that total $36 billion of the $39 billion reserved for grants in the $52 billion original …

fierceelectronics.com

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US Finalizes $1.5 Billion Chips Award For GlobalFoundries To …

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2 days ago  · WASHINGTON (Reuters) - The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor …

usnews.com

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GF To Get $1.5B From CHIPS Act For New NY Fab, Two Fab Upgrades

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Feb 19, 2024  · GlobalFoundries won a preliminary grant of $1.5 billion and $1.6 billion in loans under the CHIPS Act, US officials announced Monday, ... NY, as part of a strategic deal with GM for automotive chips. The new fab and the expanded fab will triple the capacity of the Malta campus over 10 years to increase annual wafer production to 1 million.

fierceelectronics.com

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US Grants $1.5 Billion To Help Make Advanced Chips In New York.

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Feb 19, 2024  · The Biden administration announced that GlobalFoundries — the only US-based company out of the five largest global chipmakers — has been awarded funding via the $52 …

theverge.com

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GlobalFoundries Gets 1.5 Billion From CHIPS Fund, $600 Million …

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Feb 19, 2024  · GlobalFoundries to upgrade U.S. fabs using $1.5 billion funding it gets under the CHIPS act and $600 million from the state of New York.

tomshardware.com

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TSMC, GlobalFoundries Poised To Get Final Chips Act Awards, …

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Nov 7, 2024  · TSMC, GlobalFoundries and the unidentified third company are among 21 awarded about $37 billion in preliminary agreements through the bipartisan 2022 Chips and Science …

reuters.com

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GlobalFoundries To Get $1.5B Grant For Chip Manufacturing

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2 days ago  · GlobalFoundries is receiving $1.5 billion for chip manufacturing. The money will be used to create a new, large-scale fabrication facility alongside its current facility in Malta. …

spectrumlocalnews.com

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GlobalFoundries In $1.5 Billion CHIPS Act Funding Award

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3 days ago  · Cleary Gottlieb is representing GlobalFoundries Inc. (GlobalFoundries) in direct funding agreements for an award of up to $1.5 billion from the U.S. Department of Commerce through the CHIPS and Science Act. On November 20, 2024, GlobalFoundries and the U.S. Department of Commerce announced the signing of the final award of up to $1.5 billion in ...

clearygottlieb.com

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US To Award $1.5 Billion Chips Act Grant To GlobalFoundries

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Feb 20, 2024  · (Bloomberg) -- The US plans to award $1.5 billion to GlobalFoundries Inc., the largest domestic maker of made-to-order semiconductors, as part of the Biden administration’s …

yahoo.com

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GlobalFoundries And U.S. Department Of Commerce Announce

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2 days ago  · This investment includes the $1.5 billion CHIPS and Science Act award, more than $550 million in support from the New York State Green CHIPS Program, as well as funding …

globenewswire.com

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US Finalizes $1.5 Bn Chips Award To GlobalFoundries

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3 days ago  · 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 …

barrons.com

FAQs about GlobalFoundries confirms $1.5 billion award from the US Chips … Coupon?

Why did GlobalFoundries get a $39 billion grant?

The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding. The award to GlobalFoundries will help the firm expand its existing facility in Malta, N.Y., enabling it to fulfill a contract with General Motors to ensure dedicated chip production for its cars. ...

How will GlobalFoundries use the $1.5 billion award?

GlobalFoundries will use the $1.5 billion award to support three specific projects. First, the company will expand its existing chip fab in Malta, New York, by implementing "critical technologies" already used in other locations outside the US. ...

Will GlobalFoundries get final chips and Science Act awards?

REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights WASHINGTON, Nov 6 (Reuters) - Taiwan Semiconductor Manufacturing Co, (2330.TW) GlobalFoundries (GFS.O) and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said. ...

How much money will GlobalFoundries invest in green chips?

GlobalFoundries will add the $1.5 billion award from the Chips Act to a much larger investment plan across its two US sites. The company plans to invest $13 billion over the next 10 years, with additional funding from the New York State Green Chips Program ($550 million), the state of Vermont, and other unnamed incentives. ...

Are Taiwan Semiconductor & GlobalFoundries poised to receive final chips and Science Act awards?

Taiwan Semiconductor Manufacturing Co, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said. ...

What projects will GlobalFoundries support?

The official announcement outlines the three main projects that will be supported by the grant, along with a massive, multi-year investment effort. The previously leaked decision to award GlobalFoundries $1.5 billion in subsidies to manufacture chips in the US is now official. ...

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