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HPC Wire October 15, 2026 By Andrew Jolly neutral

Commerce Dept. Reallocates Up to $955M in GlobalFoundries CHIPS Funding

GlobalFoundriesSemiconductorsManufacturingData Center
<p>The Department’s amended award will support GlobalFoundries’ $5 billion investment at its existing facilities in Malta, New York, and Burlington, Vermont WASHINGTON, Oct. 15, 2026 &#8212; The Department of Commerce’s CHIPS Program Office has agreed with GlobalFoundries to amend its existing award and reallocate up to $955 million in incentives under the CHIPS and Science Act. [&#8230;]</p> <p>The post <a href="https://www.hpcwire.com/off-the-wire/commerce-dept-reallocates-up-to-955m-in-globalfoundries-chips-funding/">Commerce Dept. Reallocates Up to $955M in GlobalFoundries CHIPS Funding</a> appeared first on <a href="https://www.hpcwire.com">HPCwire</a>.</p>
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