Feb
19
2024
19
2024
Chantal Polsonetti — Acquisition or Partnership
US Department of Commerce Proposes $1.3 Billion in Funding for Global Foundries per CHIPS and Science Act
The U.S. Department of Commerce (DoC) and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT) whereby the DoC will provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to strengthen U.S. domestic supply chain resilience