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GlobalFoundries secures $375M from the U.S. Department of Commerce for its Quantum Technology Solutions business to enhance domestic quantum semiconductor manufacturing.

PUBLIC · GFSSep 08, 2026•about 3 hours ago

Amount Raised

$375 Million

Round Type

Grant

Saratoga SpringsSemiconductors

Investors

U.S. Department Of Commerce

Description

GlobalFoundries has finalized a $375 million agreement with the U.S. Department of Commerce's CHIPS Research and Development Office. This funding aims to accelerate R&D for scaling quantum semiconductor manufacturing in the U.S. The agreement supports the establishment of a secure domestic ecosystem for quantum technologies

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.

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