GlobalFoundries’ CHIPS Program award amended to support $5bn investment in Malta, NY, and Burlington, VT
The Department of Commerce’s CHIPS Program Office has agreed with GlobalFoundries of Malta, NY (the only US-based pure-play foundry with a global manufacturing footprint) to amend its existing award and reallocate up to $955m in incentives under the US CHIPS and Science Act...
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The Department’s amended award will support GlobalFoundries’ $5 billion investment at its existing facilities in Malta,