The US awards $1.5B to GlobalFoundries from the $52B CHIPS Act, plus $1.6B in loans, to build a fab at its HQ in Malta, New York, and to expand its Fab 8 plant (Drew Harwell/Washington Post)

8 months ago 28

Drew Harwell / Washington Post:
The US awards $1.5B to GlobalFoundries from the $52B CHIPS Act, plus $1.6B in loans, to build a fab at its HQ in Malta, New York, and to expand its Fab 8 plant  —  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.