Uncle Sam sees the light, offers GlobalFoundries $300M to pursue silicon photonics while taking 1% stake

The US government has signed a letter of intent to provide GlobalFoundries with $300 million in CHIPS Act funding and, at the same time, receive a one percent stake in the company worth roughly $269 million. The money's supposedly not a tit-for-tat, but an investment designed to spur development of silicon photonics networking technologies that the AI industry needs for datacenters. “With today’s compute supply chain investments, the Trump Administration is accelerating America&rsquo