
GlobalFoundries is set to receive $1.5 billion in planned direct funding as part of the U.S. CHIPS and Science Act.The money will be used to expanding existing fabrication facilities as well as to build new capacity, including:Expanding GF’s existing fab in Malta, New York, by adding critical technologies already in production in GF’s Singapore and Germany facilities. These added capabilities are geared towards enabling the U.S. auto industry. As...