The Biden administration awarded $1.5 billion to the nation’s largest domestic semiconductor manufacturer — the first major grant from the $52 billion Chips Act passed nearly two years ago.

GlobalFoundries, the world’s third-largest contract chip maker, will build a new semiconductor production facility in Malta, NY, as well as expand existing operations at the plant and another in Burlington, Vt.,…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.