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09:42 AM EDT, 05/30/2023 (MT Newswires) -- GlobalFoundries (GFS) said Tuesday that the US Department of Defense has accredited the company's manufacturing facility in Malta, New York as a category 1A trusted supplier to manufacture semiconductors for critical aerospace and defense applications.
The accreditation was granted for GlobalFoundries' ability to meet the requirements set by the Department of Defense regarding security processes, equipment, and oversight in place, the company added.
The manufactured chips by GlobalFoundries will be used in the Department of Defense's systems on land, air, sea, and in space, the company said.
Shares of GlobalFoundries were up 3.2% in recent premarket activity Tuesday.
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