GlobalFoundries (NASDAQ:GFS) (GF) today launched Quantum Technology Solutions, a new quantum business to scale the manufacturing capabilities the quantum industry needs to achieve utility-scale quantum computing. The new business launches with customer engagements, and a pipeline of quantum innovators positioned to scale on its platform.

With more than a decade of partnership with the U.S. Government and customers across critical semiconductor technologies, and sustained investment in cryogenic CMOS, advanced packaging and materials science, GF has built the industrial layer that quantum companies, the U.S. Government and allied innovators can build on. These capabilities mark GF's entry into the next generation of high-performance computing (HPC). While the past decade of HPC has been defined by advanced-node CPUs, GPUs and AI ASICs, the next generation will be focused on enabling real-world quantum computing, and GF will manufacture the complete quantum hardware solution from quantum processor units (QPUs) to the cryogenic read-out and control ICs that operate them and the advanced packaging and superconducting interconnects that bind them into systems.

The effort is anchored by quantum companies already engaged with GF's manufacturing and by the U.S. Department of Commerce, a longstanding partner of GF across critical semiconductor technologies. The U.S. Department of Commerce and GF have entered into a letter of intent to award GF $375M to accelerate the build-out of Quantum Technology Solutions, reflecting the national-security importance of a domestic quantum manufacturing base.

In a separate agreement, the U.S. Department of Commerce will receive a strategic equity investment in GF, representing approximately one percent ownership as of today's date, enabling the American public to share in GF's growth.