If they can pay the people with advanced graduate degrees enough that they don't need to seek other work elsewhere, it might succeed.
this post was submitted on 20 Feb 2024
142 points (96.1% liked)
Technology
74945 readers
2534 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
I am very very confused.
GlobalFoundaries just sold their chip fab in Fishkill NY in Feb 2023 source
Why are they now building a new chip fab in NY again?
I think that's just an old IBM plant they inherited. They're actually head quartered out of Malta, NY and had their flagship foundry there, but I think dresden is currently their most advanced plant. It goes back and forth with node advancements
Probably to produce new nodes. You can't just reuse old equipment.
So are they going to actually resume work on a newer node with this? They abandoned work on 7nm what, 5 years ago now?
Yeah, I was just wondering if they'll really invest in advanced nodes, or will settle on outdated nodes for use in the automobile industry.
This is the best summary I could come up with:
WASHINGTON (AP) — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.
The law enables the government to invest more than $52 billion to revitalize the manufacturing of computer chips in the United States as well as advance research and development.
“The chips that GlobalFoundries will make in these new facilities are essential,” Commerce Secretary Gina Raimondo said on a call with reporters.
Senate Majority Leader Chuck Schume r, D-N.Y., was an architect of the law that enables the funding of chips factories, a technology that he said was as essential to the U.S. economy and national security as food.
He said in an interview with The Associated Press that the United States could be vulnerable to disruptions as it was during the coronavirus pandemic when auto plants lacked enough chips to keep making vehicles.
With a major election this year that puts control of the White House and Congress on the line, the health of the U.S. economy has been a serious concern.
The original article contains 497 words, the summary contains 184 words. Saved 63%. I'm a bot and I'm open source!