GlobalFoundries signs letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate U.S. silicon photonics leadership
View original at globenewswire.comGlobalFoundries signs letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate U.S. silicon photonics leadership MALTA, N.Y., July 29, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) today announced it has entered into a letter of intent (LOI) with the U.S…
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With today's compute supply chain investments, the Trump Administration is accelerating America's innovation engine. These strategic investments will enhance our country's domestic capabilities, create high-paying jobs and keep America at the forefront of the semiconductor industry.
60% confidenceSilicon photonics has the potential to play an important role in supporting next-generation AI platforms by helping address growing bandwidth and connectivity demands.
60% confidenceRebuilding U.S. supply chains is critical to the new industrial revolution; silicon photonics is essential to that future and GF brings manufacturing expertise to make it real in the United States.
60% confidenceThe bottleneck in AI infrastructure is shifting from compute to connectivity; Marvell welcomes continued U.S.-based R&D investment to accelerate the transition to near-packaged and co-packaged optics.
60% confidenceAI is driving unprecedented demand for optical connectivity; GF's investments, combined with U.S. government support, help accelerate an open path to next-generation optical interconnect.
60% confidenceThe next generation of AI infrastructure will require significant advances in networking, optical interconnects and data movement; Microsoft welcomes industrywide investments that accelerate innovation.
60% confidence
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