GlobalFoundries finalized a $375 million research and development agreement with the U.S. Department of Commerce. The funding originates from the CHIPS and Science Act.
The award will be distributed over a five-year period. Receipt of funds is contingent on the company meeting specific performance milestones.
The investment accelerates the company’s Quantum Technology Solutions (QTS) business. This initiative aims to establish a secure, domestic ecosystem for quantum chip manufacturing.
The program helps customers transition from research to commercial-scale production. GlobalFoundries will utilize its expertise in cryogenic CMOS technologies and advanced packaging to support this growth.