GlobalFoundries secures $117M deal from Dept of Defense for semiconductor supply
GlobalFoundries (NASDAQ:GFS) on Monday announced a $117M deal with the Dept. of Defense (DoD) to provide supply of U.S.-made semiconductors critical to national security systems.
The chips will be transferred to GFS' facility Fab 8 in Malta, New York fromÂ Fab 10 in East Fishkill, New York.
The first chips from the deal are expected to begin delivery in 2023.
The deal provides the DoD with a supply of chips manufactured on GFS' differentiated 45nm SOI platform.
GFS is working with the U.S. govt. to secure classified status for Fab 8.