GlobalFoundries

The US government has agreed to provide GlobalFoundries with $300 million in CHIPS Act funding and a 1% stake to advance silicon photonics technologies for AI datacenters. The investment aims to support the development of high-speed optical interconnects like co-packaged optics (CPO) and near-packaged optics (NPO), which are critical for next-generation computing systems.

The U.S. is awarding GlobalFoundries $300 million to develop optical chip interconnect technologies aimed at boosting AI data center performance. The semiconductor maker will use the funds for this purpose.

Ramya Ramesh took a 6-year career break to move to Canada with her family, facing challenges like language barriers and childcare. She eventually returned to work in the semiconductor industry through a re-entry program at her former company.

GlobalFoundries has appointed Grant McEwan as the new general manager of its Malta facility, which is an advanced U.S. semiconductor manufacturing site.

A new collaborative exhibit called 'Fab Lab' opened at the Children's Museum at Saratoga, celebrated with a ribbon-cutting event attended by politicians and leaders. The exhibit is a partnership between the museum and GlobalFoundries.

Five major semiconductor companies—Broadcom, Meta, Applied Materials, GlobalFoundries, and Synopsys—are collaborating to establish a $125 million Semiconductor Hub at UCLA. This research initiative aims to advance semiconductor technology and innovation through industry-academic partnership.

The US Commerce Department announced a $2 billion equity investment across nine quantum computing companies, including IBM ($1 billion) and GlobalFoundries ($375 million). The announcement resulted in significant stock gains for the participating firms, with D-Wave Quantum jumping over 20 percent in trading.