(Investors Business Daily - Feb. 20) The U.S. government on Monday said it will give GlobalFoundries (GFS) $1.5 billion as part of the U.S. CHIPS and Science Act to boost domestic chip manufacturing. GlobalFoundries will use the funds to expand and improve its existing fabrication plant in Malta, New York, as well as build a new fab on that Malta campus. GlobalFoundries will use the funds to expand and improve its existing fabrication plant in Malta, New York, as well as build a new fab on that Malta campus. Go to link for the details.
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