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PI Physik Instrumente - Fast Steering LB LW 11/24

PI Expands German Production Site: Week in Brief: 11/22/24

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MALTA, N.Y., Nov. 22, 2024 — The U.S. Department of Commerce has awarded semiconductor manufacturer GlobalFoundries up to $1.5 billion in direct funding through the CHIPS and Science Act to expand its essential chip manufacturing and technology development in the U.S. The funding will support the expansion of GlobalFoundries’ Malta, N.Y., fabrication site; the modernization of its fabrication site in Essex Junction, Vt.; and the construction of a new fabrication site on its Malta Campus. The New York State Green CHIPS Program will contribute an additional $550 million to these projects. In parallel with the award,...Read full article

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    Published: November 2024
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