GlobalFoundries Awarded $375M to Expand US Quantum Chip Manufacturing
GlobalFoundries will receive $375 million over five years from the U.S. Department of Commerce to expand its Quantum Technology Solutions business for quantum semiconductor research and commercial chip production. The award supports cryogenic CMOS R&D, advanced packaging and heterogeneous integration, building a secure U.S. supply chain. The effort also aligns with a $300 million CHIPS office letter of intent for silicon photonics.
Coverage (4)
- Commerce finalizes $375 million grant to GlobalFoundries for quantum chip business (timesunion.com)
- GlobalFoundries and Three Quantum Startups Sign Final CHIPS Deals, Unlocking $675 Million in Milestone (finance.biggo.com)
- GlobalFoundries wins $375M to build US quantum chip manufacturing (quantumzeitgeist.com)
- GlobalFoundries wins $375M to build US quantum chip manufacturing (quantumzeitgeist.com)