Global Foundries Inc (GFS)

[XenaLives]

GFS Gets $30 million from the FEDS...

ESSEX JUNCTION, Vt., Oct. 17, 2022 /PRNewswire/ -- U.S. Senator Patrick Leahy and GlobalFoundries (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced the award of $30 million in federal funding to advance the development and production of next-generation gallium nitride (GaN) on silicon semiconductors at GF's facility in Essex Junction, Vermont. With their unique ability to handle significant heat and power levels, GaN semiconductors are positioned to enable game-changing performance and efficiency in applications including 5G and 6G smartphones, RF wireless infrastructure, electric vehicles, power grids, solar energy, and other technologies.

https://www.prnewswire.com/news-releases/30-million-in-federal-funding-to-advance-innovation-and-production-of-next-generation-gan-chips-at-globalfoundries-fab-in-vermont-301650194.html