GlobalFoundries gets $1.5 billion boost from US government to expand chip production

The US Department of Commerce has announced a preliminary agreement with GlobalFoundries (GF), the only US-based pure play foundry, to provide $1.5 billion in direct funding under the CHIPS and Science Act. The funding aims to strengthen US domestic supply chain resilience, bolster US competitiveness in current and mature node semiconductor production, and support economic…

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Series B Funding Boosts Point2 Technology’s Growth and Innovation in AI, Cloud, and Automotive Interconnect

Point2 Technology, a leading provider of cost-effective, high-performance, and low-power SoC connectivity solutions, announced today that it has raised $23 million in Series B funding. The round was led by Bosch Ventures and Molex Ventures, with participation from existing investors Samsung Ventures and SK Telecom Ventures. The company plans to use the new capital to…

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