The US awards $1.5B to GlobalFoundries from the $52B CHIPS Act to build a new fab in Malta, New York, and to expand its Fab 8 plant, plus $1.6B in loans
The massive grant, part of the Chips Act, will help the U.S. establish a homegrown supply for some of the most critical components of modern life.
Washington Post Drew Harwell
Related Coverage
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- SIA Commends CHIPS Act Incentives for GlobalFoundries Projects Semiconductor Industry Association
- Billions Start Flowing to Chip Makers For New U.S. Factories Livemint · Asa Fitch
- US awards $1.5 bln to GlobalFoundries for domestic semiconductor production Reuters · Doina Chiacu
- US government gives GlobalFoundries a $3.1 billion package to make more chips SamMobile · Adnan Farooqui
- US grants $1.5 billion to help make advanced chips in New York. The Verge · Jess Weatherbed
- Statement from Vice President Kamala Harris on CHIPS and Science Act Preliminary Terms The White House
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- US government mulling $10bn subsidy package for Intel Evertiq AB
- Intel likely to beat Samsung, TSMC to Chips Act subsidies Korea Joongang Daily · Jin Eun-Soo
Discussion
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@govkathyhochul
Governor Kathy Hochul
on x
NEW: @GlobalFoundries is investing $11.6 billion to expand chip production in Saratoga County, creating thousands of jobs! Thanks to the CHIPS & Science Act & New York's Green CHIPS Act, we're attracting the industries of the future — & the best is yet to come.
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@globalfoundries
@globalfoundries
on x
Today, we're excited to celebrate the news of the proposed investments from the @CommerceGov & New York State. GF is proud to be the first semiconductor pure play foundry to receive a major award from the #USCHIPSAct. Read more about today's exciting news: https://gf.com/... [ima…
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@senschumer
Chuck Schumer
on x
BIG: @GlobalFoundries secured a $1.5B CHIPS agreement to build a 2nd fab in NY's Capital Region creating thousands of new good paying jobs supporting America's auto industry and national security. It's NY's first & the nation's largest award thus far from my CHIPS & Science Law.