'GlobalFoundries Races To Find Semiconductor Talent As Demand For Chips Soars' - CNBC
Portfolio Pulse from Benzinga Newsdesk
GlobalFoundries is aggressively recruiting talent to meet soaring demand for semiconductors, driven by funding from the CHIPS and Science Act. The company is addressing a projected shortfall of workers by targeting veterans, workforce reentry programs, and women in construction. GlobalFoundries is also expanding its manufacturing capacity with $1.5 billion in CHIPS funding, creating thousands of jobs.
July 05, 2024 | 7:40 pm
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GlobalFoundries is aggressively recruiting talent to meet soaring demand for semiconductors, driven by funding from the CHIPS and Science Act. The company is addressing a projected shortfall of workers by targeting veterans, workforce reentry programs, and women in construction. GlobalFoundries is also expanding its manufacturing capacity with $1.5 billion in CHIPS funding, creating thousands of jobs.
The aggressive recruitment and expansion efforts by GlobalFoundries, supported by significant funding from the CHIPS and Science Act, are likely to positively impact the company's stock in the short term. The creation of thousands of jobs and the focus on filling critical roles will help meet the growing demand for semiconductors, which is crucial for the company's growth and revenue.
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