GlobalFoundries receives $300M CHIPS Act award for silicon photonics
GlobalFoundries has reached an agreement with the U.S. Department of Commerce, aiming to secure a $300 million grant from the CHIPS Act. This initiative is designed to promote research and development in silicon photonics technology. The primary objective is to boost the performance of AI chip connections, which will facilitate faster data transfers and enhance energy efficiency. By undertaking this project, GlobalFoundries seeks to bolster the United States' semiconductor manufacturing capabilities and diminish dependence on overseas sources for chip production.
Key facts
- GlobalFoundries signed a letter of intent with the U.S. Department of Commerce
- The award is $300 million under the CHIPS Act
- Funding is for silicon photonics research and development
- Goal is to develop faster AI chip connections
- Aims to improve data transfer speeds and energy efficiency
- Supports domestic semiconductor manufacturing
- Reduces reliance on foreign suppliers
Entities
Institutions
- GlobalFoundries
- U.S. Department of Commerce
Locations
- United States
Sources
- Quartz —