GlobalFoundries' poised to get final Chips Act award - source
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GlobalFoundries and at least two other chipmakers are set to receive their final Chips and Science Act awards from the Biden administration, indicating progress in the award rollout process.
November 06, 2024 | 11:30 pm
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GlobalFoundries is expected to receive its final Chips and Science Act award from the Biden administration, which could positively impact its operations and market position.
The receipt of the final Chips Act award is likely to provide financial support and enhance GlobalFoundries' competitive edge in the semiconductor industry, which could lead to a positive short-term impact on its stock price.
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