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The Economic Times

Technology

US to award GlobalFoundries $300 million to develop faster AI chip links

GlobalFoundries Donald Trump United States Semiconductor China Washington D.C.

GlobalFoundries said on Wednesday the US government will award $300 million to the chipmaker to bolster research and development of silicon photonics technology to power more efficient AI data centers.

The award is part of President Donald Trump's effort to direct CHIPS Act research ‌funding toward ⁠critical ⁠semiconductor technologies as Washington seeks to strengthen its position in the global race with China.

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