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GlobalFoundries secures $300M US funding to boost silicon photonics R&D for AI and data centers

Market News
29 Jul 2026
Proactive Investors
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GlobalFoundries announced a $300 million letter of intent with the US Department of Commerce to accelerate research and development in silicon photonics, a technology that uses light to transmit data faster and more efficiently than traditional methods. This funding aims to advance optical materials, wafer technologies, and advanced packaging to strengthen US leadership in this field, crucial for AI and high-performance computing. The initiative supports GlobalFoundries' SCALE platform and leverages its US manufacturing sites to scale production. Additionally, the US government will receive about 1% equity in GlobalFoundries, aligning public interest with the company's growth.

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YieldMax ETFs announce weekly distributions for Group 1 ETFs with varying rates and risks.

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Company Fundamentals
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Man Group PLC discloses 1.66% stake in Senior Plc via equity swap.

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