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 [...]

GlobalFoundries launched a new Quantum Technology Solutions business and signed a Letter of Intent with the U.S. Department of Commerce.

The U.S. Department of Commerce has signed nine non-binding letters of intent (LOIs) to allocate $2.013 billion in federal incentives under the CHIPS and Science Act. Administered…

GlobalFoundries (GF) has established a new business division, Quantum Technology Solutions, to scale commercial fabrication capabilities for the quantum computing industry. The…