Image: The RegisterUncle Sam sees the light, offers GlobalFoundries $300M to pursue silicon photonics while taking 1% stake
• The US government has signed a letter of intent to provide GlobalFoundries with $300 million in funding under the CHIPS Act. • In exchange, the government will receive a 1% equity stake in the company, valued at approximately $269 million. • This investment aims to accelerate the development of silicon photonics networking technologies, which are critical for scaling AI infrastructure in datacenters.
theregister.com