{"id":22034,"date":"2023-06-13T11:21:26","date_gmt":"2023-06-13T15:21:26","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/lockheed-martin-globalfoundries-to-collaborate-to-boost-u-s-semiconductor-manufacturing\/"},"modified":"2023-06-13T11:21:26","modified_gmt":"2023-06-13T15:21:26","slug":"lockheed-martin-globalfoundries-to-collaborate-to-boost-u-s-semiconductor-manufacturing","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=22034","title":{"rendered":"Lockheed Martin, GlobalFoundries to Collaborate to Boost U.S. Semiconductor Manufacturing"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230612-705885\" role=\"document\">\n<p>By Denny Jacob<\/p>\n<p>Lockheed Martin and GlobalFoundries on Monday said they would collaborate to advance domestic semiconductor manufacturing.<\/p>\n<p>The defense company said its collaboration with GlobalFoundries will secure manufacturing across a range of advanced and next-generation chip technologies. The companies also will work to develop a chiplet ecosystem to produce more chips rapidly and affordably.<\/p>\n<div class=\"paywall\">\n<p>The collaboration is one of the latest for GlobalFoundries. In February, the chip maker established a long-term agreement to supply semiconductors for automotive company General Motors.<\/p>\n<p>The partnership between Lockheed and GlobalFoundries comes as the U.S. has bolstered funding for chip production, namely through the $53 billion Chips Act.<\/p>\n<p>The Chips Act was approved by Congress and signed by President Biden last year as chip shortages exacerbated by the pandemic and supply-chain snags hobbled auto makers, appliance makers and other manufacturers reliant on semiconductors. Lawmakers also were spurred by increasing tensions with China, which is investing heavily in its semiconductor industry and its military.<\/p>\n<p>The program includes manufacturing incentives totaling $39 billion to be given to companies to help invest in domestic semiconductor manufacturing. More than $13 billion will fund research and development, as well as workforce advancement.<\/p>\n<pre><\/pre>\n<p>Write to Denny Jacob at denny.jacob@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/lockheed-martin-globalfoundries-to-collaborate-to-boost-u-s-semiconductor-manufacturing-2e60cefc?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Denny Jacob Lockheed Martin and GlobalFoundries on Monday said they would collaborate to advance domestic semiconductor manufacturing. The defense company said its collaboration with GlobalFoundries will secure manufacturing across a range of advanced and next-generation chip technologies. The companies also will work to develop a chiplet ecosystem to produce more chips rapidly and affordably. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-22034","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lockheed Martin, GlobalFoundries to Collaborate to Boost U.S. Semiconductor Manufacturing | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Denny Jacob Lockheed Martin and GlobalFoundries on Monday said they would collaborate to advance domestic semiconductor manufacturing. The defense\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=22034\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lockheed Martin, GlobalFoundries to Collaborate to Boost U.S. Semiconductor Manufacturing | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Denny Jacob Lockheed Martin and GlobalFoundries on Monday said they would collaborate to advance domestic semiconductor manufacturing. 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