Policy · 1h ago
US grants GlobalFoundries $300M for silicon photonics, takes 1% stake
The US government awarded GlobalFoundries $300 million to develop silicon photonics, a chip technology that uses light instead of electricity. In return, the government receives a 1% equity stake in the foundry. The deal aims to boost domestic advanced manufacturing and reduce reliance on foreign suppliers.
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The equity stake is unusual for a grant, signaling deeper government involvement in chipmaking beyond subsidies.
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Uncle Sam sees the light, offers GlobalFoundries $300M to pursue silicon photonics while taking 1% stake →
The Register
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