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GlobalFoundries wins $3.1 billion in CHIPS Act subsidies for Upstate NY, Vermont expansion

GlobalFoundries would receive $3.1 billion in federal grants and loans to expand its Upstate New York computer chip plant and modernize a factory in Vermont, according to a preliminary deal the White House plans to announce today.The massive package of subsidies would be the largest award to date to a manufacturer competing for aid from the $52 billion federal CHIPS and Science Act.GlobalFoundries would receive $1.5 billion in grants and $1.6 billion in federal loans under a preliminary, non-bin...

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