New LaunchMay 21, 2026, 07:06 AM
GlobalFoundries Launches Quantum Business; Secures $375M US Commerce Award
AI Summary
GlobalFoundries (GF) has launched Quantum Technology Solutions, a new business aimed at scaling manufacturing capabilities for the quantum industry. This initiative is supported by a Letter of Intent from the U.S. Department of Commerce to award GF $375M to accelerate the build-out of this quantum business. Additionally, the U.S. Department of Commerce will receive a strategic equity investment representing approximately one percent ownership in GF, underscoring the national security importance of a domestic quantum manufacturing base.
Key Highlights
- GlobalFoundries launched Quantum Technology Solutions, a new quantum business.
- Received a Letter of Intent for a $375M award from the U.S. Department of Commerce.
- U.S. Department of Commerce will receive approximately one percent strategic equity investment in GF.
- The new business will manufacture complete quantum hardware solutions, from QPUs to cryogenic ICs.
- Leverages GF's FDX™ platform for cryogenic CMOS and advanced packaging.
- Supported by customer engagements and a pipeline of quantum innovators.
Price Impact
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