GlobalFoundries Finalizes $375M CHIPS Funding Agreement for Quantum R&D
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GlobalFoundries finalizes a $375M CHIPS Act agreement to expand quantum hardware foundry services.
GlobalFoundries has finalized a $375 million award agreement with the U.S. Department of Commerce's CHIPS Research and Development Office to expand domestic quantum manufacturing infrastructure.
The investment will be channeled into GlobalFoundries' Quantum Technology Solutions (QTS) unit, which provides specialized foundry capabilities to help quantum computing firms transition from laboratory prototypes to commercial-scale production.
By leveraging existing semiconductor manufacturing lines for quantum components, the initiative aims to build a robust, secure, U.S.-based hardware ecosystem for commercial quantum processors and related cryogenic control chips.
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