The CHIPS for America award will provide GlobalFoundries up to $125 million in total direct funding under the CHIPS and Science Act to support the revitalization of an existing fabrication facility that is expected to commercialize new 200 mm technologies, which would create the first U.S. facility capable of high-volume manufacturing of next-generation Gallium Nitride on Silicon for use in electric vehicles, power grid, 5G and 6G smartphones, and other critical technologies.