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.

  • Whirling_Cloudburst@lemmy.worldEnglish
    1·
    9 months ago

    If they can pay the people with advanced graduate degrees enough that they don’t need to seek other work elsewhere, it might succeed.

  • partial_accumen@lemmy.worldEnglish
    0·
    9 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?

    • ManixT@lemmy.worldEnglish
      1·
      9 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