US to award GlobalFoundries $300 million to develop faster AI chip links

GlobalFoundries said on Wednesday the US government will award $300 million to the chipmaker to bolster research and development of silicon photonics technology to power more efficient AI data centers.

The award is part of President Donald Trump’s effort to direct CHIPS Act research ‌funding toward ⁠critical ⁠semiconductor technologies as Washington seeks to strengthen its position in the global race with China.

The administration has previously committed $150 million for semiconductor manufacturing equipment and $2 billion for quantum computing.