GlobalFoundries has secured an agreement to obtain up to $375 million from the U.S. Department of Commerce under the CHIPS program. This funding is intended to bolster its Quantum Technology Solutions division and create a domestic production facility for quantum chips. The initiative will shift the company’s focus from research prototypes to large-scale manufacturing, utilizing cryogenic CMOS technology, advanced packaging techniques, and 3D integration. The funding will be distributed over five years, contingent upon the achievement of specified milestones.