Commerce Dept. reallocates $955M in CHIPS funds to GlobalFoundries for silicon photonics and packaging
pstAsiatech · x · 2026-10-16
- The Commerce Department's CHIPS Program Office agreed with GlobalFoundries to reallocate up to $955 million of its existing CHIPS and Science Act award—without increasing the total.
- In exchange, GlobalFoundries will expand capital investment in its Malta, NY and Burlington, VT facilities to $5 billion for modernization and expansion.
- The funding targets domestic capacity for silicon photonics, silicon-germanium, and advanced packaging—technologies increasingly critical to communications infrastructure and data centers.
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