Term 1 Act 2024 – The US plans to award $1.5 billion to GlobalFoundries Inc., the largest domestic maker of made-to-order semiconductors, as part of the Biden administration’s effort to strengthen the nation’s chip . WASHINGTON — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and .
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Term 1 Act 2024 ACT Government 📅 Getting organised for the school year : The grant will be accompanied by $1.6 billion in available loans, with the funding expected to generate $12.5 billion in overall potential investment. . U.S. semiconductor maker GlobalFoundries Inc (NASDAQ:GFS) is the first recipient of a government grant from the Commerce Department under the Biden administration’s $53-billion CHIPS Act. .
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