Reported about 10 hours ago
GlobalFoundries announced that its funding under the CHIPS Act remains intact and does not include any equity stakes, following the U.S. government's recent acquisition of a 10% stake in Intel. At the Deutsche Bank Technology Conference, CFO John Hollister emphasized that their funding is based on milestone achievements, and the company is expanding its fabrication capacities with a planned investment of $16 billion over the next decade.
Source: YAHOO