GlobalFoundries Secures $375 Million CHIPS Act Funding for Quantum Semiconductor Expansion

VERA Brief

AI-generated. Grounded in the article and its cited sources.

GlobalFoundries has received $375 million from the CHIPS Act to expand its quantum semiconductor fabrication capabilities in Malta, New York. This funding will support scaling domestic quantum hardware manufacturing and establishing a secure foundry ecosystem.

Key facts

• GlobalFoundries finalized a $375 million award from the CHIPS Act.
• The funding is for GlobalFoundries' Quantum Technology Solutions unit in Malta, New York.
• The investment aims to scale domestic quantum hardware manufacturing.
• The funding will utilize GlobalFoundries' 22FDX process for cryogenic CMOS and advanced packaging.
• The initiative is intended to establish a secure domestic foundry ecosystem for quantum computing architectures.