(Reuters) - Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the U.S. defense industry and work on new technology, the companies said on Thursday, as the industry moves toward more U.S. manufacturing. Globalfoundries, a California-based semiconductor manufacturing firm owned by the United Arab Emirates' sovereign wealth fund, already supplies defense chips through a number of factories in the United States it acquired in 2015. It purchased the chip-manufacturing unit of International Business Machines Corp.Minnesota-based Skywater was divested from U.S.-based Cypress Semiconductor in 2017 and is fully U.S.-owned. Last year, SkyWater received up to $170 million https://www.reuters.com/article/us-skywater-defense/minnesota-chip-maker-gets-up-to-170-million-from-us-defense-dept-idUSKBN1X025E from the U.S. Defense Department to develop chips designed to withstand radiation from nuclear attacks and space travel. Under a memorandum of agreement announced on Thursday, the two companies said they would align their technologies to give defense customers reliable access to high-volume manufacturing.

Source: International New York Times June 18, 2020 18:22 UTC