# Commerce reallocates up to $955 million of GlobalFoundries' CHIPS award to its U.S. plants

Canonical page: https://technooptimist.io/stories/commerce-reallocates-up-to-955-million-of-globalfoundries-chips-award-a4285a49
Date: 14 Oct 2026
About: [GlobalFoundries](https://technooptimist.io/companies/globalfoundries.md)
Original source: https://www.nist.gov/news-events/news/2026/10/department-commerce-announces-agreement-globalfoundries-amend-its-existing

The Department of Commerce agreed to amend GlobalFoundries' existing CHIPS Act award and reallocate up to $955 million of its incentives toward modernising and expanding plants in Malta, New York, and Burlington, Vermont. GlobalFoundries has agreed to raise its capital investment in these facilities to $5 billion. The total award does not grow.

## Key facts

- The work targets silicon photonics and silicon-germanium, plus what the release calls the first U.S.-based source of silicon interposers for advanced packaging.
- The total CHIPS award stays the same; the $955 million is moved within the existing amount.
- GlobalFoundries commits to $5 billion of capital investment across the three facilities.
- The release gives no construction schedule, milestones or disbursement timeline, and does not include the amendment agreement.

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