GlobalFoundries is a UAE-backed chipmaker focusing on semiconductor manufacturing and advanced packaging technologies. The company is actively developing silicon photonics technology aimed at making AI data centers faster and more energy efficient. It recently secured $300 million in funding from the U.S. government through the Biden-era Chips Act to support that effort. Under a separate agreement tied to the deal, the U.S. Department of Commerce will receive about a 1% stake in the company. Coverage did not provide revenue, user metrics, or details on prior funding rounds. The announcement frames the investment as part of broader federal initiatives to strengthen domestic semiconductor capabilities.

Total raised

$300M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2026