GlobalFoundries climbed more than 16% at one point in U.S. premarket trading, according to market data from Gate. The move came after the U.S. government had previously announced that the chipmaker would receive funding of up to $300 million. The report did not provide additional price details, timing beyond the premarket move, or further terms tied to the subsidy. ChainCatcher cited Gate market data in the brief update.
GlobalFoundries rose more than 16% at one point in U.S. premarket trading, according to market data from Gate, as cited by ChainCatcher.
The move followed an earlier announcement by the U.S. government that the company would receive funding of up to $300 million.
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