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GlobalFoundries Launches Specialized Business Unit to Expand Onshore Quantum Hardware Manufacturing
GlobalFoundries (GF) has established a new business division, Quantum Technology Solutions, to scale commercial fabrication capabilities for the quantum computing industry. The unit enters the market with active customer engagements and a pipeline of quantum hardware developers preparing to scale production. In conjunction with this launch, the U.S. Department of Commerce signed a letter of intent to provide $375 million in federal funding under the CHIPS and Science Act to accelerate the build-out of these domestic manufacturing lines. Additionally, under a separate agreement to distribute these funds, the U.S. Department of Commerce will acquire a strategic minority equity investment in GF representing approximately one percent ownership of the corporation.
