✉news TechnologySemiconductors first seen 1 d ago, last 6 h ago, peak #1
Commerce Department shifts $955 million of GlobalFoundries CHIPS award to photonics and packaging
Original: 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
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.
Why now: US government policy on semiconductor subsidies continues to draw attention as the Commerce Department refocuses CHIPS funding toward strategic chip technologies.
Department of CommerceGlobalFoundriesCHIPS ProgramNIST
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Evidence
- 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 · National Institute of Standards and Technology (.gov)
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