Commerce · Thursday, October 15, 2026
Commerce moves up to $955 million inside a GlobalFoundries award
The File desk · Oct 15, 2026, 11:00 AM UTC
Status
Confirmed as the Commerce Department’s Oct. 14, 2026 announcement, posted by NIST. The award total is not increased. The statute was not opened. A company filing was not opened.
- Confirmed
The CHIPS Program Office agreed with GlobalFoundries to amend an existing award and reallocate up to $955 million under the
.Legal instrument
CHIPS and Science Act
The 2022 law that lets the Commerce Department award money for U.S. semiconductor plants. Commerce says this amendment moves up to $955 million inside an existing GlobalFoundries award and does not increase the total. This desk did not open the statute.
- Confirmed
The change raises the share set aside for modernization and expansion in Malta, New York, and Burlington, Vermont. GlobalFoundries agreed to expand capital investment in those plants to $5 billion. The total award is not increased.
The Commerce Department said Wednesday it agreed with GlobalFoundries to amend an existing award and move up to $955 million under the Legal instrument The 2022 law that lets the Commerce Department award money for U.S. semiconductor plants. Commerce says this amendment moves up to $955 million inside an existing GlobalFoundries award and does not increase the total. This desk did not open the statute.CHIPS and Science Act
The announcement is dated Oct. 14, 2026, and was posted by the National Institute of Standards and Technology. It says the CHIPS Program Office and GlobalFoundries agreed to the amendment.
The technologies named are silicon photonics, silicon-germanium, and what the release calls the first U.S.-based source of silicon interposers supporting advanced packaging technologies. A comment from Bill Frauenhofer, executive director for semiconductor innovation and investment, is his.
An award PDF linked from the page was not downloaded. A company securities filing was not opened. This story does not state an ownership stake.
What is still unknown or disputed
- The statute. It was not opened. The $955 million and $5 billion figures are from the Commerce announcement.
- The award PDF. It was not downloaded.
- Any company filing. None was opened. No equity percentage is in this story.
Primary sources
Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.
Source 1
Department of Commerce announces agreement with GlobalFoundries to amend its existing CHIPS award
National Institute of Standards and Technology · October 14, 2026
The CHIPS Program Office agreed with GlobalFoundries to amend its existing award and reallocate up to $955 million under the
. Capital investment in the Malta, New York, and Burlington, Vermont, facilities expands to $5 billion. The total award amount will not be increased.Legal instrument
CHIPS and Science Act
The 2022 law that lets the Commerce Department award money for U.S. semiconductor plants. Commerce says this amendment moves up to $955 million inside an existing GlobalFoundries award and does not increase the total. This desk did not open the statute.
https://www.nist.gov/news-events/news/2026/10/department-commerce-announces-agreement-globalfoundries-amend-its-existing