US to Award GlobalFoundries $300M for Silicon Photonics R&D
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- GlobalFoundries (GFS.O) said on Wednesday the U.S. government will award it $300 million in CHIPS Act funding to bolster research and development of silicon photonics technology.
- The award will target silicon photonics R&D aimed at powering more efficient AI data centers, per the chipmaker.
Why it matters: The $300 million CHIPS Act award directs federal semiconductor funding toward silicon photonics R&D — a domain the source links to powering more efficient AI data centers — strengthening GlobalFoundries' role in next-generation AI infrastructure.
