Uncle Sam sees the light, offers GlobalFoundries $300M to pursue silicon photonics while taking 1% stake

The Register
Jul 29, 2026, 3:02 pm97 ptsTrending
The US government has signed a letter of intent to provide GlobalFoundries with $300 million in CHIPS Act funding and, at the same time, receive a one percent stake in the company worth roughly $269 million. The money's supposedly not a tit-for-tat, but an investment designed to spur development of silicon…

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