GlobalFoundries Inc. (NASDAQ: GFS) announced the launch of Quantum Technology Solutions, a new business unit focused on manufacturing quantum computing hardware. The company said it has secured a letter of intent from the U.S. Department of Commerce for $375 million in funding to support the initiative.

The semiconductor manufacturer said its quantum division will produce quantum processor units, cryogenic control circuits, and packaging components for quantum systems. The business launches with existing customer partnerships and aims to serve quantum companies, government agencies, and research institutions.

As part of the arrangement, the Department of Commerce will receive an equity stake representing approximately 1% ownership in GlobalFoundries. The company said this investment enables the American public to participate in its growth.

"GF's role as a semiconductor manufacturing engine is accelerating America's technology leadership," said Tim Breen, CEO of GlobalFoundries. The company plans to leverage its existing U.S. manufacturing facilities to support quantum hardware production.

Several quantum computing companies have expressed support for the initiative. Partners include Diraq, Equal1, Google Quantum AI, Microsoft Quantum, NVIDIA, PsiQuantum, Quantinuum, and Quantum Motion. These companies currently work with GlobalFoundries on various quantum technologies using the company's FDX platform.

The new business unit will focus on multiple quantum technologies including superconducting qubits, trapped ions, photonic systems, and silicon spin qubits. GlobalFoundries said it will manufacture components across these different quantum computing approaches.

Commerce Secretary Howard Lutnick said the investment represents part of CHIPS Research and Development funding aimed at advancing American quantum capabilities and creating domestic manufacturing jobs.

The announcement comes as quantum computing companies work to transition from laboratory-scale systems to commercial applications requiring industrial-scale manufacturing capabilities.