US Finalizes $1.5 Bn Chips Award To GlobalFoundries [Barron's]
GlobalFoundries Inc. (GFS)
Company Research
Source: Barrons
President Joe Biden works to secure parts of his legacy before Donald Trump's White House return. The binding contract provides up to $1.5 billion in direct funding and comes under the CHIPS and Science Act, a suite of incentives to boost research and US semiconductor production. The United States produces just about 10 percent of the global supply of chips, relying on East Asia for 75 percent of world production, the White House noted in 2022. "By investing in GF's domestic manufacturing capabilities, we are helping to secure a stable domestic supply of chips that are found in everything from home electronics to advanced weapons systems," said US Commerce Secretary Gina Raimondo. The finalized award comes after a preliminary agreement announced in February, and means that funds can begin flowing when milestones are reached. The Biden administration has unveiled billions in grants through the CHIPS Act but much of the funds have not been disbursed. Officials have since bee
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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
- SK Hynix To Get $458 Mn Funding For US Chip Facilities By AFP - Agence France Presse December 19, 2024 Order Reprints Print Article [Barron's]Barrons
- BTQ Technologies Appoints Radical Semiconductor Founders to Advance Commercialization of Post-Quantum Semiconductors [Yahoo! Finance]Yahoo! Finance
- 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