Biden Awards Mubadala-backed GlobalFoundries US$ 1.5 Billion

Posted on 02/20/2024

President Joe Biden has announced the awarding of US$ 1.5 billion to GlobalFoundries, a semiconductor company that Mubadala brought to the IPO stage in 2021. A further US$ 1.6 billion is being prepared for loans. New York and Vermont will benefit, with the company expanding its base and managing new construction over the next decade.…

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