GlobalFoundries Finalizes US Government Award Worth Up to $375 Million to Boost Quantum Computing

09:10 AM EDT, 09/08/2026 (MT Newswires) -- GlobalFoundries (GFS) said Tuesday it has finalized a deal with the US Department of Commerce's CHIPS Research and Development Office for a $375 million award to accelerate its quantum technology solutions business. Under the agreement, GlobalFoundries can receive up to $375 million in funding over five years if it achieves certain milestones, the company said. The award is meant to boost domestic quantum semiconductor manufacturing and lift the US position in quantum technologies, the company said. Shares of GlobalFoundries were 3.3% higher in premraket trading.