GlobalFoundries and Monolithic Power Systems form manufacturing partnership to scale high-performance power solutions

Monolithic Power Systems (MPWR) signed a long-term deal with GlobalFoundries (GFS) to manufacture its chips at GFS's Singapore facility, addressing capacity concerns. MPWR's stock closed at $1,234.46, up 4.08%, amid a broader AI-infrastructure rally. The agreement aims to support MPWR's growing demand, particularly in AI and automotive sectors, with volume production expected in early 2027. Analysts have raised price targets, with a mid-case target of ~$2,495, suggesting a potential total return

GlobalFoundries secured up to $375M in federal funding for a new quantum technology business. The funds, part of the CHIPS and Science Act, aim to boost domestic manufacturing and quantum tech in New York. The company also partners in a $100M award to Quantinuum. GlobalFoundries produces chips for various tech sectors, including quantum systems.

The U.S. Department of Commerce awarded five quantum computing companies, including GlobalFoundries (GF), up to $375 million each under the CHIPS and Science Act. Funding supports R&D for secure, domestic quantum foundries and advanced technologies. Other recipients include Rigetti, D-Wave, PsiQuantum, and Quantinuum, each receiving up to $100 million for specific quantum computing advancements.

The U.S. Commerce Department awarded $2.013 billion in CHIPS incentives for quantum tech, with major recipients including GlobalFoundries ($375M), IBM ($1B), Rigetti Computing ($100M), D-Wave Quantum ($100M), and Quantinuum ($100M). Each must accept a minority U.S. equity stake. GlobalFoundries is up 24.3% YTD but down 8.4% in the past month. IBM is down 20.8% YTD. Rigetti reported $5.14M Q2 revenue, up 185.3% YoY. D-Wave saw $35.5M H1 2026 bookings, up from $2.9M. Quantinuum, post-IPO, has $2.1

Stifel reiterated a Buy rating and $60 price target for GlobalFoundries (GFS) after the company secured a $375M quantum research award, issuing shares at a 15% discount. The stock trades at $45.75, below InvestingPro's Fair Value estimate. GFS reported Q2 earnings of $0.46 per share on $1.79B revenue, beating expectations. Analysts have mixed views on its future performance.

D-Wave Quantum (QBTS) received $100M in CHIPS Act funding, causing its stock to rise 9%. The funds will support quantum computing scaling and supply chain. The U.S. Commerce Department gains a minority equity stake. Other quantum companies, including Quantinuum (QNT) and Rigetti (RGTI), also received $100M awards, while GlobalFoundries (GFS) got $375M.