GlobalFoundries in $375 Million R&D Award From U.S. Department of Commerce to Advance American Quantum Leadership

Cleary Gottlieb represented GlobalFoundries Inc. (GlobalFoundries) in the finalization of a definitive agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for a $375 million award for research and development to accelerate the company’s Quantum Technology Solutions (QTS) business, designed to help scale domestic quantum semiconductor manufacturing and strengthen the U.S. leadership in quantum technologies.

The agreement advances the goal of establishing a secure, U.S.-based ecosystem for the development and manufacturing of quantum chips. Through Quantum Technology Solutions, GF is accelerating R&D and expanding access to advanced manufacturing capabilities and enabling quantum computing companies to move from research and prototyping toward commercial-scale production. Under the agreement, GlobalFoundries is eligible to receive up to $375 million in funding over a five-year period tied to the achievement of specified milestones.

GlobalFoundries is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world.

For more information, please see the press release.

The Cleary corporate team included partners Adam Fleisher and Shuangjun Wang, associates Katherine Hebb and Alexandra Hansen, and law clerk Crystal Lee. Partners Chase Kaniecki and Samuel Chang advised on sanctions and trade controls matters. Partner Daniel Ilan and associate Natalie Curry advised on intellectual property matters.