NuAxiSemiconductor trade intelligence
GlobalFoundries gains $1.5bn in CHIPS and Science Act funding
What happened
The U.S. Department of Commerce announced $1.5 billion in direct funding for GlobalFoundries under the CHIPS Act to expand its manufacturing capacity for chips used in automotive, IoT, aerospace, and defense markets. This investment aims to bolster secure domestic production of mature-node semiconductors. Watch: The subsidy supports long-term supply stability but does not indicate an immediate change in component pricing or availability.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
Automotive MCUIoT SoCPower Management ICRF Components
GlobalFoundries
subsidycapacity-expansionCHIPS-Actfoundry
Source and time
Source: Semiconductor Today · 2/20/2024 · View original source
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