GlobalFoundries signs letter of intent with US Commerce Department for up to $375M in CHIPS R&D funding

GlobalFoundries signs letter of intent with US Commerce Department for up to $375M in CHIPS R&D funding

GlobalFoundries secured $375M from US Commerce Department for quantum and silicon photonics R&D, with government taking 1% equity stake under CHIPS Act. Signals multi-year quantum commitment; reshapes long-term vendor partnerships and quantum-ready stack planning for IT leaders.