Globalfoundries, applied materials and ford to co-host ceo summit to secure u.s. chip supply chain

Business leaders and senior government officials to discuss new partnerships for u.s. technology leadership and collaboration on next steps following passage of chips and science act washington , aug. 8, 2022 /prnewswire/ -- globalfoundries (nasdaq: gfs) (gf), applied materials, inc. (nasdaq: amat) and ford motor company (nyse: f) today announced that the three companies' ceos will be co-hosting a summit of senior government officials, ceos and c-suite executives from companies either involved in technology manufacturing or companies whose ability to compete depends on continued innovation, technology leadership and access to semiconductor chips in the u.s. the recent passage of the chips and science act is a testament to the broad, bipartisan support and commitment to increasing semiconductor manufacturing in the u.s. these investments will enable the public-private partnerships that are needed to meet and keep up with the increasing demand for semiconductors. it will create the industrial strategy required to level the playing field for competitive semiconductor r&d and manufacturing in the u.s.  the ceo summit is bringing industry and senior government partners together to engage in a constructive dialogue to discuss how these public investments can accelerate semiconductor and emerging technology manufacturing, support the electrification of automobiles with a ready supply of chips, including feature-rich chips, and strengthen the united states' economy, supply chains, and national security.
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