US finalizes $1.5 billion chips award for GlobalFoundries to expand production [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
for GlobalFoundries to expand semiconductor production in Malta, New York and Vermont. The binding contract for New York-based GlobalFoundries, he world's third-largest contract chipmaker, finalizes a preliminary award announced in February after the company said it was investing $13 billion over the next 10 plus years in its U.S. manufacturing sites that serve automotive, smart mobile devices, Internet of Things, data centers, and aerospace and defense. Commerce Secretary Gina Raimondo told Reuters last week the department is racing to complete as many final agreements with recipients under the $52.7 billion "Chips and Science" program created in 2022 as possible before the Biden administration ends on Jan. 20. "We're working as hard as we can," Raimondo said. The Commerce award will support expansion of GlobalFoundries Malta, New York fab by adding technologies already in use at GF's Singapore and Germany facilities to provide chips for the U.S. auto industry. New York state h
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GFS
News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Inc.'s (NASDAQ:GFS) Stock Has Shown A Decent Performance: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
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- Ayar Labs, with Investments from AMD, Intel Capital, and NVIDIA, Secures $155 Million to Address Urgent Need for Scalable, Cost-Effective AI Infrastructure [Yahoo! Finance]Yahoo! Finance
GFS
Earnings
- 11/5/24 - Beat
GFS
Sec Filings
- 11/20/24 - Form 6-K
- 11/12/24 - Form SC
- 11/6/24 - Form SC
- GFS's page on the SEC website