GlobalFoundries has finalized a $375 million research and development award under the U.S. CHIPS and Science Act, aimed at advancing its quantum technology capabilities. The funding, announced in September 2026, will support the company’s Quantum Technology Solutions unit, which specializes in quantum semiconductor manufacturing. The award is structured to be disbursed over a five-year period, contingent on achieving specified milestones, and complements a separate $300 million letter of intent for silicon photonics research, also secured from the Department’s CHIPS Research and Development Office. Together, these agreements underscore GlobalFoundries’ commitment to scaling domestic quantum manufacturing, bridging the gap between research and commercial production for quantum computing firms.
GlobalFoundries secures $375M CHIPS Act award for quantum tech
The U.S. Department of Commerce’s CHIPS Research and Development Office finalized a $375 million award to support GlobalFoundries’ quantum semiconductor efforts, alongside a $300 million letter of intent for silicon photonics.
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Lucas Ferreira · Deals & Startups Desk · 13 Sept 2026 · 21:44 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Lucas Ferreira
Deals & Startups Desk
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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