GlobalFoundries & United States

GlobalFoundries: GlobalFoundries will receive $375 million from the United States — United States Department of Commerce to build a U.S. factory for quantum machine components and has launched ConnectM Technology Solutions, a new business focused on scaling manufacturing for quantum-computing hardware. The U.S. government is taking an equity stake of about 1% in GlobalFoundries.

United States: The United States, through its Department of Commerce, is investing $2 billion in quantum computing firms to secure its leadership in emerging technologies, create jobs, and enhance national security, particularly in competition with China.

GlobalFoundries: GlobalFoundries is a founding member of the Semiconductor Hub, working with researchers and partners to tackle industry challenges and develop talent for U.S. innovation.

United States: The Semiconductor Hub aims to strengthen U.S. competitiveness and accelerate innovation across industries, contributing to national security and economic vitality.

GlobalFoundries: GlobalFoundries shares fell following reports that its majority owner was seeking to sell a large block of shares.

United States: The United States equities market experienced overall gains across major indices, indicating a generally positive economic environment.

GlobalFoundries: GlobalFoundries will collaborate with Cirrus Logic to establish new semiconductor process technologies at its Malta, New York, facility, enabling key technologies for Apple Inc. products.