The Biden administration has allocated $1.5 billion to GlobalFoundries for the production of computer chips in New York and Vermont.
The Biden administration announced on Monday its plan to allocate $1.5 billion to GlobalFoundries, a computer chip company, for the purpose of expanding its manufacturing facilities in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law enables
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