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Biden administration to provide $1.5B to GlobalFoundries

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The Biden administration is planning to provide $1.5 billion to computer chip company GlobalFoundries.

The funds would help the company expand its domestic production in New York and Vermont.

It's the third direct financial award for a semiconductor company under the 2022 CHIPS and Science Act.

Read more from The Associated Press.

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Farquhar

Awesome. So, our government will choose winners and losers in the business world. What could possibly go wrong?

Tuesday, February 20, 2024
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