GlobalFoundries Awarded $35M Funding From U.S. Government To Accelerate Manufacturing Of Next-Generation Gan Chips
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries has been awarded $35 million in funding from the U.S. government to accelerate the manufacturing of next-generation GaN chips.
October 18, 2023 | 12:32 pm
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GlobalFoundries has received a $35 million grant from the U.S. government, which will likely boost its operations and financial performance.
The $35 million funding from the U.S. government will likely accelerate GlobalFoundries' manufacturing of next-generation GaN chips. This could lead to increased production, sales, and potentially higher revenues, which would likely have a positive impact on the company's stock price in the short term.
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