GlobalFoundries finalizes $375M federal R&D award for quantum chips

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Go back to GlobalFoundries finalizes $375M federal R&D award for quantum chips

GlobalFoundries and U.S. Department of Commerce finalize $375M R&D award to advance American quantum leadership

September 8, 2026 8:31 AM EDT

Award accelerates build-out of GF's Quantum Technology Solutions business and strengthens America's quantum semiconductor ecosystem

MALTA, N.Y., Sept. 08, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has finalized a definitive agreement with the U.S. Department of Commerces CHIPS Research and Development Office for a $375 million award for research and development to accelerate the company's Quantum Technology Solutions (QTS) business, designed to help scale domestic quantum semiconductor manufacturing and strengthen the United States' leadership in quantum technologies.

The agreement advances the goal of establishing a secure,... More