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GlobalFoundries signs letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate U.S. silicon photonics leadership

MALTA, N.Y., July 29, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced it has entered into a letter of intent (LOI) with the U.S. Department of Commerce to accelerate research and development of