GF (GlobalFoundries) Federal Funding

GlobalFoundries will receive $300 million in federal funding from the U.S. Commerce Department to advance its silicon photonics research, specifically focusing on co-packaged optics (CPO) technology. This funding follows a separate $375 million federal grant secured two months prior for quantum chip foundry development. As part of this agreement, the U.S. government will acquire a 1% equity stake in GlobalFoundries.