Global Trade Alert
Global Trade Alert

United States of America: Commerce Department announces USD 1.5 billion funding for semiconductor manufacturer GlobalFoundries

Announcement

20 Nov 2024

In November 2024, the US Department of Commerce announced financial assistance for GlobalFoundries to support the production of semiconductors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Nov 2024

Revocation date:

No revocation date

Financial grant In force

On 20 November 2024, the US government awarded financial grants totalling USD 1.5 billion to GlobalFoundries. The funding aims to support the production of semiconductors in New York and Vermont. The ...

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