GlobalFoundries (GFS) gains after being awarded new $3.1bn DoD contract
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GLOBALFOUNDRIES (GFS) Wins $3.1B, 10-Year Contract from US Govt for Secure Chip Manufacturing
September 21, 2023 8:33 AM EDTThe 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 spending ceiling of $3.1 billion, the new contract provides the DoD and its contractors with access to GFs semiconductor technologies manufactured at its U.S. facilities. These GF facilities are... More
