AI Startups
GlobalFoundries to receive $300M in federal funding for silicon photonics research
The U.S. government will provide GlobalFoundries with $300 million in funding to support its silicon photonics research. The U.S. Commerce Department committed to providing the capital in a letter of intent that was announced today. As part of the transaction, the government will...
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This substantial federal investment signals a strategic push to bolster domestic silicon photonics capabilities, crucial for advanced AI hardware like AI accelerators. Building a robust domestic supply chain for these components is vital for national security and technological leadership in the AI era.
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