Schumer Announces: GlobalFoundries’ $1.5 Billion CHIPS Award …

3 days ago  · Washington, D.C. – Leader Schumer announces that GlobalFoundries will expand their current fab, build a new, state-of-the-art second manufacturing facility in Malta, New York, …


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Schumer Announces: GlobalFoundries’ $1.5 Billion CHIPS Award …

6 days from now

3 days ago  · Washington, D.C. – Leader Schumer announces that GlobalFoundries will expand their current fab, build a new, state-of-the-art second manufacturing facility in Malta, New York, …

senate.gov

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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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Biden-Harris Administration Announces CHIPS Incentives Award …

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3 days ago  · CHIPS Investment of Up to $1.5 Billion Will Support Multiple Projects in New York and Vermont and Create Approximately 10,000 Good Construction and Manufacturing Jobs …

commerce.gov

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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. …

morningstar.com

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U.S. Finalizes $1.5B Chips Act Award For GlobalFoundries To Boost …

6 days from now

2 days ago  · The CHIPS Act provides for $39B in grants, billions more in loans and 25% tax credits to boost domestic chip manufacturing and reduce reliance on Asia. More than 20 …

seekingalpha.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 Wins $1.5B For Semiconductor Facilities

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10 hours ago  · The U.S. Department of Commerce has selected GlobalFoundries to receive up to $1.5 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for …

executivegov.com

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GlobalFoundries Confirms $1.5b CHIPS Act Funding - News

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2 days ago  · The award follows the previously signed preliminary memorandum of terms announced in February 2024 and will enable GF to expand its chip manufacturing and …

compoundsemiconductor.net

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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, with the award to be split between a …

fierceelectronics.com

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GlobalFoundries Secures $1.5B Federal Grant For Chip Manufacturing

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1 day ago  · GlobalFoundries will receive $1.5 billion through the CHIPS and Science Act to expand its semiconductor manufacturing in Malta, New York. The investment will fund a new …

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US Finalizes $1.5 Bn Chips Award To GlobalFoundries

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3 days ago  · Last week, US officials finalized a grant to Taiwanese chip giant TSMC as well, for up to $6.6 billion in direct funding to help build facilities on American soil. bys/mlm

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GlobalFoundries To Get $1.5B From US For Chip Manufacturing

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Feb 19, 2024  · GlobalFoundries (NASDAQ:GFS) will receive a $1.5B grant from the U.S. government to boost domestic semiconductor manufacturing, as part of the U.S. CHIPS and …

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GlobalFoundries To Receive $1.5B In CHIPS Funding - Thomasnet

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2 days ago  · The U.S. Department of Commerce announced it would provide semiconductor manufacturer GlobalFoundries with up to $1.5 billion through the CHIPS Incentives Program’s …

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GlobalFoundries To Get $1.5B From US For Chip Manufacturing - MSN

6 days from now

GlobalFoundries (NASDAQ:GFS) will receive a $1.5B grant from the U.S. government to boost domestic semiconductor manufacturing, as part of the U.S. CHIPS and Science Act. Through …

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GlobalFoundries And U.S. Department Of Commerce Announce …

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Up to $1.5 billion from CHIPS and Science Act to support GF’s New York expansion plans and Vermont facility modernization. Additional $550 million from New York State confirmed. …

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US Backs GlobalFoundries With $1.5b For Automotive Chips - Tech …

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2 days ago  · The United States Commerce Department has finalized a US$1.5 billion subsidy for chipmaker GlobalFoundries to enhance semiconductor production in New York and Vermont.

techinasia.com

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What's The Future Of The CHIPS Act? – Deseret News

6 days from now

1 day ago  · On Wednesday, the administration finalized a $1.5 billion grant for GlobalFoundries to expand manufacturing in New York. Last week, the Commerce Department struck a $6.6 …

deseret.com

FAQs about Schumer Announces: GlobalFoundries’ $1.5 Billion CHIPS Award … Coupon?

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. ...

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. ...

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. ...

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. ...

What is GlobalFoundries' $13 billion investment in New York & Vermont?

The award is aimed at supporting broader investment of around $13 billion by GlobalFoundries (GF) over the next 10 years or so, in its manufacturing sites in New York and Vermont, the Commerce Department said. This will improve US "competitiveness in current-generation semiconductor production," the department added. ...

How much money will GlobalFoundries receive from GF?

Customers, government officials and academia celebrate the news from the U.S. Department of Commerce and GF: “We are pleased that GlobalFoundries will be receiving a $1.5 billion investment from the U.S. CHIPS and Science Act,” said Dr. Lisa Su, Chair and CEO of AMD. ...

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