GlobalFoundries is expanding its U.S. manufacturing footprint by building two new semiconductor plants in New York to meet rising demand for specialized chip technologies.
GlobalFoundries will operate two new semiconductor fabs in New York supported by a $21 billion U.S.-Japan funding initiative.
Wolfspeed has secured a conditional $1.5 billion loan from the U.S. Department of War to strengthen the domestic semiconductor supply chain for national security applications.
TSMC is considering a multi-billion dollar expansion in Texas, contingent on the extension of federal tax credits as demand for AI chips remains high.
SK Hynix subsidiary Solidigm is evaluating plans to build a new NAND flash memory factory in the United States to meet rising demand for AI infrastructure.
IBM subsidiary Anderon has secured $1 billion in US government funding to establish a quantum wafer production facility in New York.
Intel shares climbed after reports of potential cooperation with SK Hynix to manufacture memory chips at the company's Ohio facility.
The US administration is using its 10% stake in Intel to justify a proposal for $5,000 direct payments to American adults.
Kepler Computing has secured up to $245 million in CHIPS Act funding to advance its ferroelectric memory technology designed to accelerate AI inference.
The US Department of Commerce has awarded a $100 million grant to quantum computing startup PsiQuantum under the CHIPS and Science Act.
Rigetti Computing will receive up to $100 million in CHIPS Act funding, with the US government taking a minority equity stake in the company through a 7.74 million share issuance.
