GlobalFoundries secures $1.5 billion in CHIPS Act funding for US expansion

Engadget
By Kris HoltFeb 19, 2024, 12:27 pm150 pts
The Biden administration is granting $1.5 billion in funding to GlobalFoundries to bolster semiconductor production under the CHIPS Act . The company, which spun out from AMD in 2009 and also has access to $1.6 billion in loans from the CHIPS Program Office, will split the cash between three projects. First,…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

Apple Shares New 'Quit Quitting' Apple Watch Ads

MacRumors

Apple Shares New 'Quit Quitting' Apple Watch Ads 121

Commentary: Why China chose multi-accelerator strategy in AI chip development

Digitimes

Commentary: Why China chose multi-accelerator strategy in AI chip development 121

Meta just bought Manus, an AI startup everyone has been talking about

TechCrunch

Meta just bought Manus, an AI startup everyone has been talking about 117

Taiwan Mobile's AI data center fully leased, revenue to start in 1Q26

Digitimes

Taiwan Mobile's AI data center fully leased, revenue to start in 1Q26 116

Fedora Continued At The Forefront Of Upstream Linux Innovations In 2025

Slashdot

Fedora Continued At The Forefront Of Upstream Linux Innovations In 2025 111

China to lower 2026 import tariff to boost tech and green economy

Digitimes

China to lower 2026 import tariff to boost tech and green economy 111

Tesla (TSLA) does something unsual ahead of Q4 delivery results

Electrek

Tesla (TSLA) does something unsual ahead of Q4 delivery results 104

'One of America's Most Successful Experiments Is Coming to a Shuddering Halt'

Slashdot

'One of America's Most Successful Experiments Is Coming to a Shuddering Halt' 104

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

LG battery supply withdrawals signal…

LG battery supply withdrawals signal reassessment of growth expectations in EV…

Samsung Electronics supplies Exynos Auto…

Samsung Electronics supplies Exynos Auto chip to BMW iX3, marking automotive…

Samsung Galaxy Z TriFold sees strong…

Samsung Galaxy Z TriFold sees strong global sales, but high costs keep…

Zuck buys Chinese AI company Manus that…

Zuck buys Chinese AI company Manus that claims it deals in actions, not words

This $13 DDR desktop adaptor card could…

This $13 DDR desktop adaptor card could save you some serious money if you've…

Sam Altman Offers $555K Salary To Fill…

Sam Altman Offers $555K Salary To Fill Most Daunting Role In AI

Stingless Bees From the Amazon Granted…

Stingless Bees From the Amazon Granted Legal Rights in World First

After a Decade of Dead Ends, $70 Million…

After a Decade of Dead Ends, $70 Million Rides on Locating Flight MH370

How Windows 10 Earned Its Good…

How Windows 10 Earned Its Good Reputation While Planting the Seeds of Windows…

VC Sees AI-generated Video Gutting the…

VC Sees AI-generated Video Gutting the Creator Economy