Fundz
Free weekly newsletter

Get the free weekly contract digest

The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New new contracts, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Contract Trends

See who's moving and how much in your market

No credit card required Weekly contract digest

GlobalFoundries and U.S. Department of Commerce Agree on $1.5 Billion Funding for Chip Manufacturing

Nov 20, 2024•over 1 year ago

Contract Type

agreement

Saratoga SpringsSemiconductors

Description

GlobalFoundries and the U.S. Department of Commerce have reached an agreement to provide up to $1.5 billion in funding to support the company's expansion plans in New York and modernization of its Vermont facility. Additionally, New York State has confirmed an additional $550 million in funding. The investment aims to strengthen supply chains and support customers across vital end-markets such as automotive, smart mobile devices, IoT, datacenters, and aerospace and defense.

Company Information

Company

GlobalFoundries

Location

400 Stonebreak Rd Ext

Saratoga Springs, Utah, United States

About

GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.

Predictive Intelligence
Strategic

ML-powered predictions for GlobalFoundries's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.