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Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont (apnews.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont::The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.

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[–] partial_accumen@lemmy.world 17 points 10 months ago (2 children)

I am very very confused.

GlobalFoundaries just sold their chip fab in Fishkill NY in Feb 2023 source

Why are they now building a new chip fab in NY again?

[–] SkyeStarfall@lemmy.blahaj.zone 3 points 10 months ago

Probably to produce new nodes. You can't just reuse old equipment.

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