Chipmaker Globalfundries says the framework of the chips' framework does not involve fairness

By Zaheer Kachwala August 27 – Globalfundries said on Wednesday that the financing of the slides is ‘good intact’ and that the framework involves no form of equity, days after the US government took a 10% shares in the chipmaker. The company’s financial officer, John Hollister, said during the Deutsche Bank Technology Conference that the company receives government financing under the law according to the completion of the milestone. The government’s attempt to take a 10% stake in Intel last week has raised questions about corporate America prospects after US President Donald Trump said he plans to make other similar transactions. The interest – together with an unprecedented agreement with NVIDIA and AMD to give the government 15% of revenue from their sales of some advanced chips – is a clear sign of the growing involvement of the Trump administration in corporate matters. Intel’s agreement was structured in a way that converted the government’s grants into the company in terms of the Chips Act. Former President Joe Biden signed by former President Joe Biden in 2022 to increase the manufacture and production of semiconductors in the country and to counter China’s growing influence. Trump has previously tried to change some of the laws’ conditions, saying that it did not match its executive orders. Each grant receiver has different conditions and milestones in their agreements. Globalfunries’ chips framework includes the expansion of capacity over manufacturing plants. Earlier this year, the company increased its investment plans to $ 16 billion and an additional $ 1 billion in capital expenditure and allocated $ 3 billion to research in various emerging chip technology. CFO Hollister said on Wednesday that the investment would cover more than a decade of spending. This article was generated from an automated news agency feed without edits to text.