GlobalFoundries Signs $300M LoI With U.S. Department Of Commerce's CHIPS Office To Accelerate R&D Of Next-Generation Silicon Photonics
The LoI centers on the optical technology that moves data at the speed of light and underpins the AI and high-performance computing data centers driving the global economy. Under the LOI, the Department’s CHIPS Research
GlobalFoundries got a $300 million promise from the U.S. government to help build super-fast technology that moves information using light. This shows the government thinks this company's work is important for AI and computers, which hints it's working on something the world needs.
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