The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York
- Pact doesn't include $1.6 billion loan from proposed agreement — Biden administration has been firming up Chips Act awards
Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories
- US officials look to announce agreements in coming weeks — Biden team is racing to get Chips Act money out the door
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.
Sources: US chipmakers and companies, including Intel, GlobalFoundries, and Google, plan to attend a September 11 meeting in Hanoi as Biden visits to boost ties
Sources: US chipmakers and tech firms, including Intel, GlobalFoundries, and Google, plan to attend a business meeting in Vietnam as Biden visits to boost ties
GlobalFoundries CEO Thomas Caulfield criticizes Germany's planned chip subsidies for TSMC, saying the company welcomes competition “on a level playing field”
Chief executive Thomas Caulfield warns that funds from Berlin will distort competition
TSMC, Intel, GlobalFoundries, and other chipmakers have begun halting sales to Russia in response to US sanctions
The global computer chip industry, including the giant Taiwan Semiconductor Manufacturing Company, has begun halting sales to Russia in the wake of U.S. sanctions aimed at punishing Moscow's invasion ...
A look at Germany's “Silicon Saxony”, which accounts for one in three chips made in Europe, as the EU aims to double its global chip market share to 20% by 2030
Cluster that began in communist East Germany now seen as strategic asset amid supply chain crisis Tweets: @chassnews , @joemillerjr , @cornelban73 , @mamdorsky , and @cszabla Tweets: Anne-Sylvaine Cha...