GlobalFoundries Secures $375 Million in U.S. R&D Funding to Accelerate Quantum Chip Manufacturing and AI Infrastructure Deployment
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GlobalFoundries has reached a final agreement with the CHIPS R&D Office of the U.S. Department of Commerce to receive up to $375 million in R&D funding. The funds, to be disbursed over five years and tied to R&D milestones, will be used to advance its quantum technology solutions business and build quantum semiconductor manufacturing capabilities in the United States.