GlobalFoundries

US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

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US grants Samsung up to US.4 billion in funding to produce advanced chips in Texas

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more

US awards US$1.5 billion to GlobalFoundries for domestic semiconductor production

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US awards US.5 billion to GlobalFoundries for domestic semiconductor production

The US government is awarding US$1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the Covid-19 pandemic exposed weaknesses. GlobalFoundries, the world’s third-largest contract chip maker, will build a new semiconductor production facility in Malta, New York, and expand existing operations … Read more