GlobalFoundries to supply ‘secure’ chips to Lockheed Martin

Also, Arm looking to Intel as possible anchor investor in IPO bid.

Karen Moltenbrey

GlobalFoundries and Lockheed Martin announce a strategic semiconductor partnership in which the US defense and securities contractor will purchase semiconductor chips it needs for defense and aerospace systems, for instance, from GlobalFoundries. Meanwhile, the deal will enable GlobalFoundries to expand its semiconductor manufacturing in the US, making it eligible for funding through the US CHIPS Act. In other news, Softbank is looking for IPO investors for its chip design company Arm, and speculation is that it is looking in Intel’s direction, although other possible names have surfaced as well. Nearly a year ago, in an effort to gain back ground

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