GlobalFoundries Inc. (NASDAQ:GFS) shares are trading lower on Wednesday despite the announcement of a significant award from the U.S. Department of Commerce.
The company has been granted up to $1.5 billion in direct funding through the CHIPS and Science Act, aimed at strengthening U.S. semiconductor manufacturing. This award builds on a previously signed memorandum of terms from February 2024 and is expected to drive critical expansion in chip production to support key industries such as automotive, smart devices, IoT, data centers, and aerospace and defense.
The funding will support three key projects. First, GlobalFoundries will expand its Malta, New York facility, incorporating advanced technologies already in use at its Singapore and Germany sites to meet the U.S. auto industry's growing chip demand.
Second, the Essex Junction, Vermont fab will undergo modernization to increase the production of next-generation gallium nitride (GaN) semiconductors for electric vehicles, data centers, and other vital applications.
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Lastly, a new state-of-the-art fab will be constructed on the Malta campus to meet increasing demand for U.S.-made chips in industries like AI, aerospace, and defense.
According to Benzinga Pro, GFS stock has lost over 29% in the past year. Investors can gain exposure to the stock via Renaissance IPO ETF (NYSE:IPO).
Over the next decade, these expansions will result in an investment of over $13 billion and are expected to create nearly 1,000 direct manufacturing jobs, alongside more than 9,000 construction jobs. Additionally, GlobalFoundries will continue workforce development efforts in New York and Vermont, including STEM outreach and new training programs. The company is also committed to sustainability, ensuring that all expansion projects align with its environmental goals.
Price Action: GFS shares are trading lower by 2.01% to $41.53 at last check Wednesday.
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儘管美國商務部宣佈了一項重大獎勵，但GlobalFoundries Inc.（納斯達克股票代碼：GFS）股價週三仍走低。
該公司已通過《CHIPS和科學法》獲得了高達15億美元的直接資金，旨在加強美國的半導體制造。該獎項建立在先前簽署的2024年2月條款備忘錄的基礎上，預計將推動芯片生產的關鍵擴張，以支持汽車、智能設備、物聯網、數據中心以及航空航天和國防等關鍵行業。
這筆資金將支持三個關鍵項目。首先，GlobalFoundries將擴建其在馬耳他和紐約的工廠，採用其新加坡和德國工廠已經在使用的先進技術，以滿足美國汽車行業不斷增長的芯片需求。
其次，佛蒙特州埃塞克斯交界處的晶圓廠將進行現代化改造，以增加用於電動汽車、數據中心和其他重要應用的下一代氮化鎵 (GaN) 半導體的產量。
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最後，將在馬耳他園區建造一座新的最先進的晶圓廠，以滿足人工智能、航空航天和國防等行業對美國製造的芯片不斷增長的需求。
根據Benzinga Pro的數據，GFS的股票在過去一年中下跌了29％以上。投資者可以通過文藝復興首次公開募股ETF（紐約證券交易所代碼：IPO）獲得股票敞口。
在未來十年中，這些擴張將帶來超過130億美元的投資，預計將創造近1,000個直接製造業就業機會，以及超過9,000個建築業工作崗位。此外，GlobalFoundries將繼續在紐約和佛蒙特州開展勞動力發展工作，包括STEM宣傳和新的培訓計劃。該公司還致力於可持續發展，確保所有擴建項目均符合其環境目標。
價格走勢：週三最後一次檢查時，GFS股價下跌2.01％，至41.53美元。
圖片來自 Pexels
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