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GlobalFoundries

GlobalFoundries Awarded $400M Ceiling Increase Under DoD Microelectronics Contract

GlobalFoundries will continue to provide the Department of Defense access to microelectronic products and trusted processes after the Defense Microelectronics Activity awarded a $400M ceiling increase under a contract modification.

DoD said Thursday the modification would bring the cumulative face value of a previously awarded contract from $714.6M to $1.11B.

DMEA issued the contract action due to an increased interest among government customers for leading-edge technology offerings and lifetime orders for end-of-life technology.

The agency plans to incrementally obligate funds on this award and expects the company to complete work by March 31, 2021.

GlobalFoundries offers semiconductor products and services for mobility, internet of things, automotive, computing, wired connectivity and industrial applications.

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