Quantum Chip Funding
GlobalFoundries Finalizes $375 Million Agreement to Advance Domestic Quantum Chip Manufacturing
Anonymous
Key Points
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Nicholas Sergeant, GlobalFoundries’ vice president and general manager of Quantum Technology Solutions, called the agreement “another important milestone” in building a scalable domestic quantum manufacturing ecosystem.
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GlobalFoundries’ Malta, New York, manufacturing site serves as the base for the company’s quantum activities, while the company operates semiconductor facilities across the United States, Europe and Asia.
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GlobalFoundries said it has expanded engagement with customers and ecosystem partners that are using its research, development and manufacturing expertise to address difficult quantum-chip scaling requirements.
GlobalFoundries has secured up to $375 million in research and development funding from the U.S. Department of Commerce over five years to scale domestic quantum-chip manufacturing GF. The award supports the company's Quantum Technology Solutions business and aims to help quantum-computing companies move from early research to commercial production Simply Wall St.
The funding focuses on key technologies including cryogenic CMOS, advanced packaging, and heterogeneous integration to build a secure U.S.-based quantum semiconductor supply chain evertiq. GlobalFoundries also holds a separate $300 million letter of intent with Commerce for silicon-photonics research GF.
Malta Plant Becomes Quantum Manufacturing Hub
GlobalFoundries' Malta, New York facility serves as the base for all quantum activities GF. The company operates semiconductor manufacturing sites across the United States, Europe, and Asia GF. Nicholas Sergeant, vice president and general manager of Quantum Technology Solutions, called the deal "another important milestone" in building a scalable domestic quantum ecosystem GF.
Five Quantum Companies Share Commerce Department Awards
The U.S. Department of Commerce awarded five quantum technology firms in its latest CHIPS funding round: GlobalFoundries, Rigetti, D-Wave, PsiQuantum, and Quantinuum Mark Lapedus. This coordinated approach strengthens multiple areas of the quantum computing sector at once Mark Lapedus.
From Research Lab to Commercial Manufacturing
GlobalFoundries has expanded partnerships with quantum-computing customers and ecosystem partners who need help scaling production GF. The company's research, development, and manufacturing expertise addresses the difficult challenge of moving quantum chips from prototyping into real-world production GF. This milestone puts domestic quantum manufacturing on track to compete globally Simply Wall St.
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