GlobalFoundries Would Expand Chip Manufacturing For Defense, Other Industries With $1.5 Billion Federal Investment

U.S. Commerce Secretary Gina Raimondo. Photo: Department of Commerce

By Cal Biesecker |
@calvinb21
9 months ago |
02/20/2024

highlights

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The Biden administration on Monday announced a potential $1.5 billion direct investment with semiconductor manufacturer GlobalFoundries [GFS] to expand computer chip production capacity in the U.S. in support of industries such as automative, aerospace, and defense.

The…

GlobalFoundries Would Expand Chip Manufacturing For Defense, Other Industries With $1.5 Billion Federal Investment

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