The Commerce Department has signed letters of intent to provide $874 million in CHIPS and Science Act incentives to seven companies advancing semiconductor technologies for AI and high-performance computing.
On Wednesday, Secretary of Commerce Howard Lutnick stated that these incentives aim to boost U.S. leadership in advanced computing by strengthening domestic supply chains and accelerating AI technologies.
GlobalFoundries Inc.
(NASDAQ:GFS): Will receive up to $300 million to accelerate U.S.
R&D of co-packaged optics, integrating photonics with AI processors to improve speed and energy efficiency.
