WASHINGTON, Nov 6 (Reuters) - GlobalFoundries ( GFS )
and at least two other chipmakers are poised to receive their
final Chips and Science Act awards from the Biden
administration, a person briefed on the matter said, a sign of
progress amid growing concerns about the pace of the award
rollout.
The U.S. Commerce Department notified Congress at least
three companies are close to receiving a final award, the person
and another source said. The Commerce Secretary must notify
appropriate committees at least 15 days before making any deal
over $10,000,000.
Reuters could not determine the timing of the award
announcement or the exact amount, though it is expected to be
close to the initial sum.
A preliminary agreement was announced by the Commerce
Department in February to award $1.5 billion to GlobalFoundries ( GFS )
to build a new semiconductor production facility in Malta, New
York, and expand existing operations there and in Burlington,
Vermont.