GlobalFoundries (GFS) gains after being awarded new $3.1bn DoD contract
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U.S. Government Awards GlobalFoundries New $3.1 Billion, 10-Year Contract for Secure Chip Manufacturing
September 21, 2023 8:32 AM EDTWith $3.1 billion spending ceiling, new 10-year contract provides U.S. Dept. of Defense an assured supply of securely manufactured semiconductors for use in the nations most sensitive applications
MALTA, New York, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The U.S. Department of Defense (DoD) has awarded GlobalFoundries (Nasdaq: GFS) (GF) a new 10-year contract for a supply of securely manufactured, U.S.-made semiconductors for use across a wide range of critical aerospace and defense applications.
With an initial award of $17.3 million this month and an overall 10-year... More
