Mubadala-backed GlobalFoundries, one of the world's largest semiconductor manufacturers, was awarded $375 million by the US Department of Commerce to serve as a designated US quantum foundry. Selected as one of only two manufacturers alongside IBM, GlobalFoundries will use the funding to scale quantum hardware manufacturing capabilities across the US. The award is part of a $2 billion CHIPS Act investment to accelerate American quantum computing. As part of the deal, the US government gains a 1% equity stake in the company.

Why This Matters

As the US advances into quantum computing — the next frontier of AI innovation — it's partnering with UAE-backed companies to build critical manufacturing capacity. GlobalFoundries, founded through a Mubadala-AMD partnership and based in New York, is developing a secure quantum manufacturing base enabled by deep US-UAE trust and collaboration. The $375 million investment will create thousands of high-paying American jobs while advancing US quantum capabilities as global competition in the technology intensifies.

“GF’s role as a semiconductor manufacturing engine is accelerating America’s technology leadership. Deepening our partnership with the United States Government will support a coordinated national push to expand domestic manufacturing, build supply-chain resilience and ensure that revolutionary technologies such as next-generation quantum systems are developed and manufactured in the U.S.” – Tim Breen, CEO of GlobalFoundries