GlobalFoundries signs letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate U.S. silicon photonics leadership
β’ GlobalFoundries has signed a letter of intent with the U.S. Department of Commerce to receive a $300 million award under the CHIPS R&D program. β’ The funding is dedicated to accelerating U.S. leadership in silicon photonics, which provides the critical optical technologies necessary for AI and high-performance computing. β’ This initiative aims to strengthen domestic semiconductor capabilities amidst volatile geopolitical tensions, including trade conflicts with China and instability in Ukraine and the Middle East.
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