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Globalfoundries

US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

by Walter Watson
US grants Samsung up to US.4 billion in funding to produce advanced chips in Texas

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science …

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US awards US$1.5 billion to GlobalFoundries for domestic semiconductor production

by Walter Watson
US awards US.5 billion to GlobalFoundries for domestic semiconductor production

The US government is awarding US$1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the Covid-19 …

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Chinese chip maker SMIC’s sales fall for third straight quarter despite boost from Huawei’s 5G smartphone revival

by Anas Siddiqui
Chinese chip maker SMIC’s sales fall for third straight quarter despite boost from Huawei’s 5G smartphone revival

The Shanghai-based chip maker reported a 15 per cent fall in revenue in the September quarter to US$1.62 billion, versus an average projection for US$1.64 billion. Net income dropped 80 …

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