GlobalFoundries announced on August 27, 2025, that its CHIPS Act funding framework does not involve any type of equity. This clarification was issued days after the U.S. government took a 10% equity stake in chipmaker Intel.
The company confirmed that its CHIPS Act funding is 'well intact,' providing certainty regarding the terms of its federal support. This statement aims to alleviate any potential investor concerns about government equity stakes in its operations.
This announcement underscores the specific nature of GlobalFoundries' agreement under the CHIPS and Science Act, distinguishing it from other government funding arrangements in the semiconductor industry.
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