ARM Architecture

GlobalFoundries Assertion Following Senate Procedural Vote on Laws To Bolster U.S. Competitiveness

Malta, New York, July 19, 2022 – GlobalFoundries (Nasdaq: GFS) (GF) at present launched the next assertion on at present’s bipartisan procedural vote within the U.S. Senate to advance CHIPS Act funding that can strengthen the competitiveness of semiconductor chip manufacturing in America:

“At this time’s vote is a vital, mandatory and welcome milestone in an effort to develop and enact insurance policies that strengthen U.S. high-tech manufacturing competitiveness, financial and nationwide safety, and create high-paying semiconductor manufacturing jobs in America,” stated Dr. Thomas Caulfield, president and CEO of GF. “The previous two years have clearly proven how vitally necessary chips are to American customers, companies and the financial well being of our nation, each at present and sooner or later.”

“On behalf of GF’s greater than 7,000 U.S. staff, I’d prefer to convey our appreciation to Senators Schumer and Cornyn, U.S. Secretary of Commerce Gina Raimondo and the various different leaders from each events which have labored tirelessly and persistently to get us up to now,” Caulfield added. “Now our nation wants the Senate, Home of Representatives and White Home to make a ultimate push in order that we are able to develop chip manufacturing within the U.S.”

Demand for semiconductors has soared with the fast progress in use of chips in cellular gadgets, automobiles, the Web of Issues (IoT), 5G infrastructure and extra.

Headquartered in Malta, New York, GF has been rising manufacturing output at its manufacturing services, generally known as “fabs,” in Malta, and Burlington, Vermont, in addition to services in Germany and Singapore. As soon as Congress funds the CHIPS Act, the investments GF receives from the $52 billion within the laws might be used to increase GF manufacturing, analysis and growth within the U.S., together with enlargement of producing capability and creation of latest jobs at GF’s present campus in Malta.

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