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Stock impact report

Factbox-Intel latest to get US funds for chips, more grants and loans planned [Yahoo! Finance]

GlobalFoundries Inc. (GFS) 
Company Research Source: Yahoo! Finance
U.S. government in President Joe Biden's effort to supercharge domestic chip output. Below is a list of the awards made so far and those expected in the weeks and months ahead. INTEL The Biden administration said it has inked a preliminary agreement with Intel for $8.5 billion in grants and up to $11 billion in loans for plants and upgrades to manufacturing sites in Arizona, Ohio, Oregon and New Mexico. GLOBALFOUNDRIES In February, the Biden administration awarded $1.5 billion to GlobalFoundries, the world's third-largest contract chipmaker, to build a semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont. MICROCHIP TECHNOLOGY In January, Commerce announced Microchip Technology would get $162 million in government grants, allowing the company to triple production of mature-node semiconductor chips and microcontroller units at two U.S. factories. BAE The U.S. Commerce Department in December said it planne Show less Read more
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