GlobalFoundries (GFS) has been awarded $375 million from the U.S.

GlobalFoundries (GFS) has been awarded $375 million from the U.S. Department of Commerce under the CHIPS Act to launch a 'Quantum Technology Solutions' foundry covering multiple qubit architectures. The award is part of a larger $2.013 billion federal quantum R&D portfolio announced on May 26, 2026, which also includes IBM's spin-off Anderon. GFS's quantum foundry will support superconducting, trapped-ion, photonic, and silicon-spin designs, positioning the company as a key player in U.S. quantum manufacturing. The funding was disclosed in Source 1 and confirmed by GFS's investor relations page Source 2, which lists a May 21, 2026 press release titled 'GlobalFoundries launches Quantum Technology Solutions to scale U.S. quantum manufacturing'. This government backing, combined with GFS's first-ever dividend announcement earlier in May, signals strong financial and strategic momentum. The $375 million award, while smaller than IBM's $1 billion, is significant for GFS as it diversifies into quantum and strengthens its position in U.S. semiconductor manufacturing. The direction is up due to the injection of non-dilutive funding and strategic alignment with national priorities.