TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

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WASHINGTON :Taiwan Semiconductor Manufacturing Co, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.The U.S.

FILE PHOTO: A screen displays the company logo for semiconductor and chipmaker GlobalFoundries Inc.during the company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021.

In February, GlobalFoundries was awarded $1.5 billion to build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMaltaTaiwan

Topics: Award Final Company Other Companies Billion Globalfoundries Semiconductor Commerce Department Chips

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:18:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 706 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23454738

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