GlobalFoundries and Commerce finalize $375M quantum R&D award

  • GlobalFoundries finalized a quantum R&D funding agreement with the U.S. Department of Commerce.
  • The award provides up to $375 million over five years, tied to specified milestones.
  • Quantum Technology Solutions focuses on domestic manufacturing, cryogenic CMOS and advanced packaging.

GlobalFoundries has finalized an agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for up to $375 million in research and development funding over five years. The award will support the company’s Quantum Technology Solutions business, which aims to scale U.S.-based quantum semiconductor manufacturing and help quantum-computing companies move from research and prototyping toward commercial production. Funding is tied to specified milestones and will support work in cryogenic CMOS, advanced packaging and heterogeneous integration. GlobalFoundries said the agreement advances a secure domestic quantum-chip ecosystem and follows its separate $300 million letter of intent with the office for silicon-photonics research and development.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.