BRIEF-GlobalFoundries And U.S. Department Of Commerce Announce Award Agreement On Chips Act Funding For Essential Chip Manufacturing

Reuters11-20 22:05

Nov 20 (Reuters) - Globalfoundries Inc :

* GLOBALFOUNDRIES AND U.S. DEPARTMENT OF COMMERCE ANNOUNCE AWARD AGREEMENT ON CHIPS ACT FUNDING FOR ESSENTIAL CHIP MANUFACTURING

* GLOBALFOUNDRIES INC: UP TO $1.5 BILLION FROM CHIPS AND SCIENCE ACT TO SUPPORT GF'S NEW YORK EXPANSION PLANS AND VERMONT FACILITY MODERNIZATION

* GLOBALFOUNDRIES INC: ADDITIONAL $550 MILLION FROM NEW YORK STATE CONFIRMED

* GLOBALFOUNDRIES INC: TWO NEW YORK-BASED PROJECTS ARE EXPECTED TO TRIPLE EXISTING CAPACITY OF GF’S MALTA CAMPUS OVER NEXT 10-PLUS YEARS

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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