Meanwhile, the other state backed foundry, Intel,wraps up RAMP C defense test chip program The US government has signed a letter of intent to provide GlobalFoundries with $300 million in CHIPS Act funding and, at the same time, receive a one percent stake in the company worth roughly $269 million. The money supposedly not a tit for tat, but an investment designed to spur development of silicon photonics networking technologies that the AI industry needs for datacenters. “With todays compute...
