Story thread · 15 reports / 13 sources

UAE-backed GlobalFoundries wins $300 million US award to develop faster chips

thenationalnews.com · 11dShare

UAE-backed semiconductor manufacturer GlobalFoundries has said the US government will award it $300 million to develop technology to make AI data centres faster and more efficient. The award is part of President Donald Trump's move to direct Chips Act research funding towards semiconductor technologies, in a broader drive to strengthen the US position in the race with China. GlobalFoundries, based Malta, New York state, said it had signed a letter of intent with the US Department of Commerce on Wednesday. “These strategic investments will enhance our country’s domestic capabilities, create high-paying jobs and keep America at the forefront of the semiconductor industry,” Commerce Secretary Howard Lutnick said. The Trump administration has previously committed $150 million for semiconductor manufacturing equipment and $2 billion for quantum computing. GlobalFoundries said the award would accelerate its silicon photonics wafer technologies, novel optical materials and advanced packaging.

First report: GlobalFoundries to receive $300M for silicon photonics R&D — investing.com, 13d