GlobalFoundries Gets $375 Million in Federal Funding to Expand Manufacturing

GlobalFoundries gets $375 million in federal funding to expand manufacturing

The money is being used to scale up their Quantum Technology Solutions initiative.

GlobalFoundries To Receive $375M To Build Quantum Manufacturing

GlobalFoundries launched Quantum Technology Solutions to expand U.S. quantum manufacturing capabilities, supported by over a decade of investment in related technologies. The U.S. Department of Commerce intends to award GlobalFoundries $375 million to accelerate this build-out, recognizing the importance of domestic quantum manufacturing.

GlobalFoundries Launches Specialized Business Unit to Expand Onshore Quantum Hardware Manufacturing

GlobalFoundries (GF) has established a new business division, Quantum Technology Solutions, to scale commercial fabrication capabilities for the quantum computing industry. The unit enters the market with active customer engagements and a pipeline of quantum hardware developers preparing to scale production. In conjunction with this launch, the U.S. Department of Commerce signed a letter of [...] The post GlobalFoundries Launches Specialized Bus…

GlobalFoundries Stock Jumps On U.S. Quantum Funding: Why GFS Is Back In Focus

GlobalFoundries shares surged 12.7% to $79.75 after the company announced a $375 million letter of intent from the U.S. Department of Commerce to support quantum-chip manufacturing. Trading volume topped 3.4 million shares by mid-morning. The company also launched Quantum Technology Solutions and will pay its first quarterly dividend on July 14. The Nasdaq fell 0.4% in early trading. The post GlobalFoundries shares jump after U.S. quantum fundin…

GlobalFoundries launches Quantum Technology Solutions to scale U.S. quantum manufacturing

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