Serenity: GlobalFoundries Secures Support Under the U.S. CHIPS Act, Boosting Prospects for Sivers and Lumentum
1 hours ago
Serenity’s report states that the U.S. government will take a 1% equity stake in GlobalFoundries (GFS) and provide $300 million in funding to the company under the CHIPS Act to accelerate research and development of co-packaged optics (CPO) and silicon photonics technologies. Serenity views this move as positive for Sivers Semiconductors (SIVE) and Lumentum (LITE). Serenity points out that the CHIPS Act funding is explicitly focused on the CPO and silicon photonics fields, and only two listed laser suppliers—Sivers and Lumentum—were named in GlobalFoundries’ previous presentation materials. Meanwhile, Sivers’ laser arrays have recently been incorporated into the CPO reference design of GlobalFoundries’ SCALE platform. Serenity believes that the U.S. government is accelerating the development of its domestic CPO industry chain, a strategic initiative with significance comparable to its earlier support for Intel’s foundry business.
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