WASHINGTON -- The U.S. Commerce Department's agreement to grant $1.5 billion to New York-based chipmaker GlobalFoundries comes as U.S. lawmakers raise the specter of Chinese firms undercutting American producers of chips for cars and consumer electronics.
Semiconductors
U.S. boosts chipmaker GlobalFoundries as China worries mount
But Chinese rivals aren't main concern in competitive foundry sector, expert says
GlobalFoundries produces legacy chips that still serve a critical role both in the U.S. defense industrial base and in consumer product manufacturing. © Reuters
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