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GlobalFoundries has secured a $375 million, milestone-based award from the U.S. CHIPS Office to advance its Quantum Technology Solutions division over five years. The funding specifically targets cryogenic CMOS development, advanced packaging, and heterogeneous integration to scale domestic quantum semiconductor manufacturing capabilities. This investment aims to bridge the gap between quantum research prototypes and commercial-scale production within a secure U.S.-based ecosystem.

Source coveringThe Quantum Insider

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GlobalFoundries Finalizes $375M CHIPS Award for Quantum Technology R&D

The Quantum InsiderSeptember 21, 20262 min read

Insider Brief PRESS RELEASE — GlobalFoundries (Nasdaq: GFS) (GF) today announced it has finalized a definitive agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for a $375 million award for research and development to accelerate the company’s Quantum Technology Solutions (QTS) business, designed to help scale domestic quantum semiconductor manufacturing and […]

GlobalFoundries and the U.S. Department of Commerce finalized a $375 million CHIPS R&D award to support the company’s Quantum Technology Solutions business. The five-year award is tied to milestones and is intended to expand U.S.-based quantum semiconductor R&D and manufacturing capabilities. GF is focusing…

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