GlobalFoundries Receives $300M for Silicon Photonics, U.S. Government Acquires 1% Stake

GlobalFoundries announced today that the United States Government, under the administration of Donald J. Trump, has signed a letter of intent with the U.S. Department of Commerce to advance next-generation silicon photonics technologies. Notably, GlobalFoundries will receive $300 million from the CHIPS Act fund, while the U.S. Government will acquire approximately a 1% equity stake in the company. As some may recall, GlobalFoundries ceased its efforts in leading-edge node research, development, and manufacturing just as the industry was transitioning to…

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