GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS
GlobalFoundries shares jumped 15% to $81.35 Thursday after the Commerce Department announced a planned $375 million award and a 1% government stake in the chipmaker. Trading volume topped 11 million shares, triple the prior day. The company launched a new quantum hardware unit as part of a $2 billion federal package for nine firms. The Commerce deal remains a letter of intent, not a finalized payment.