Commerce Dept.: Biden-Harris Administration Announces Preliminary Terms With GlobalFoundries to Strengthen Domestic Legacy Chip Supply for U.S. Auto and Defense Industries
February 20, 2024
February 20, 2024
WASHINGTON, Feb. 20 -- The U.S. Department of Commerce issued the following news release on Feb. 19, 2024:
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT) to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to strengthen U.S. domestic supply chain resilience, bolster U.S. competitiveness in current-generation and mature-no . . .
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT) to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to strengthen U.S. domestic supply chain resilience, bolster U.S. competitiveness in current-generation and mature-no . . .