The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York (Mackenzie Hawkins/Bloomberg)

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Mackenzie Hawkins / Bloomberg:
The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York — - Pact doesn't include $1.6 billion loan from proposed agreement — Biden administration has been firming up Chips Act awards

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