Intel clinches nearly $20 billion in awards from Biden to boost US chip output [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
grants and loans on Wednesday, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production. Biden will announce the preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, with some of the funding to be used to build two new factories and modernize an existing one. Commerce Department Secretary Gina Raimondo called it a "huge deal" and one of the largest investments ever in U.S. semiconductor manufacturing. "It means leading-edge semiconductors made in the United States of America," she said on Tuesday, noting that the country's share of leading-edge chip production is now at zero but may rise to 20% by 2030 thanks in part to the subsidy program. The goal is to reduce reliance on China and Taiwan, as the share of global semiconductor manufacturing capacity in the U.S. has fallen from 37% in 1990 to 12% in 2020, according to the Semiconductor In
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- GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050 [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050GlobeNewswire
GFS
Earnings
- 2/13/24 - Beat
GFS
Sec Filings
- 3/15/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- GFS's page on the SEC website