WASHINGTON (Reuters) - The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and ...

The Global Foundries Fab 8 building on Feb. 20, 2024, in Malta. A press conference was held at the site to formally announce a $1.5 billion award from the federal CHIPS and Science Law to build ...

The company's existing Fab 8 facility in Malta, a national leader in advanced manufacturing, produces 400,000 wafers annually. To date, GlobalFoundries has invested more than $15 billion in Fab 8 ...