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CHIPS Program

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    Commerce Department shifts $955 million of GlobalFoundries CHIPS award to photonics and packaging▼Department of Commerce Announces Agreement with GlobalFoundries to Amend Its Existing CHIPS Program Award and Reallocate $955 Million to Accelerate Investments in Silicon Photonics, Silicon-Germanium, and Advanced Packaging✉newsTechnologySemiconductors9 h ago

    The Department of Commerce has announced an amended agreement with GlobalFoundries under the CHIPS Program, reallocating $955 million of the company's existing award. The redirected funds are intended to speed up investments in silicon photonics, silicon-germanium, and advanced packaging technologies. The move adjusts the focus of US semiconductor subsidy support toward emerging chip technologies rather than traditional fabrication capacity alone.