SCHUMER APPLAUDS $375 MILLION FOR GLOBALFOUNDRIES FROM HIS CHIPS & SCIENCE LAW TO LAUNCH NEW QUANTUM BUSINESS Schumer Previously Delivered Whopping $1.5B Award From His CHIPS & Science Law For GlobalFoundries To Expand Current Fab & Build New, State-Of-The-Art Second Manufacturing Facility In Malta, Bringing GlobalFoundries’ Total Investment In Capital Region To $16B New Quantum Biz Will Position America At Forefront Of Technological Innovation And Expand Domestic Manufacturing Capacity For Quantum Industry Schumer: GlobalFoundries And IBM Are Powering America’s Leadership In Quantum In Capital Region U.S. Senator Chuck Schumer today applauded GlobalFoundries receiving a letter of intent from the Commerce Department to award up to $375 million in federal funding from Schumer’s CHIPS & Science Law to launch Quantum Technology Solutions, a new quantum business within GlobalFoundries that will position America at the forefront of technology innovation. Schumer said this funding, made possible by his CHIPS & Science Law, will help expand America’s domestic manufacturing capacity for large-scale quantum computers. “GlobalFoundries is powering the nation’s leadership in quantum technology right here in the Capital Region. Quantum technology will define the next century of innovation, and GlobalFoundries and IBM are helping the Capital Region to become the command center of those efforts. GlobalFoundries’ investment will enable them to build the foundation for America’s domestic supply of chips that we need to lead in quantum technology,” said Senator Schumer. “None of this would have been possible without my CHIPS & Science Law and the billions of dollars of federal investment in CHIPS R&D it included. Together, we are writing the next chapter of American leadership in innovation with New York as a global hub for R&D and manufacturing.” GlobalFoundries is also a key partner of a second CHIPS R&D letter of intent announced today of up to $100 million to Quantinuum, which