The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.

Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont::The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.

  • partial_accumenEnglish
    17•8 months ago

    I am very very confused.

    GlobalFoundaries just sold their chip fab in Fishkill NY in Feb 2023 source

    Why are they now building a new chip fab in NY again?

    • @ManixTEnglish
      17•8 months ago

      I think that’s just an old IBM plant they inherited. They’re actually head quartered out of Malta, NY and had their flagship foundry there, but I think dresden is currently their most advanced plant. It goes back and forth with node advancements