US Gov to take 1% stake in $GlobalFoundries(GFS.US), and award them $300m for the US CHIPS ACT.
This is actually a strong read through on $SIVE / $Lumentum(LITE.US), given this CHIPS ACT is specifically aimed at advancing CPO + Silicon Photonics. (For reference, Sivers and Lumentum were the only two public laser suppliers named in GFS presentation slides. Sivers laser arrays was named recently as a reference design in Globalfoundries SCALE for CPO). Per US Gov announcement: "GlobalFoundries will receive up to $300 million to accelerate domestic CPO R&D by two to three years" (NIST)Never thought we'd see the US Gov / $Intel(INTC.US) foundry playbook for CPO in specific...
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