US Commerce Department files to sell 9.91M GlobalFoundries shares

The US Department of Commerce is moving to offload nearly 10 million shares of GlobalFoundries, the specialty semiconductor manufacturer that has become a linchpin of America’s push to reshore chip production. The stake, roughly 1% of the company, was acquired not through a market purchase but as part of a CHIPS and Science Act funding arrangement. The 9,907,399 ordinary shares were issued to the Commerce Department through a Securities Issuance Agreement dated September 3, 2026, at a price of $37.85 per share. That values the government’s position at approximately $375 million on paper. How Washington ended up holding chipmaker equity The shares are the equity component of a broader CHIPS Act R&D award worth up to $375 million, announced on September 8, 2026. The funding is earmarked for establishing a secure domestic quantum foundry and bolstering capabilities in cryogenic CMOS, advanced packaging, and heterogeneous integration. The deal was publicly disclosed through a Form 6-K filing by GlobalFoundries on September 8, 2026. It builds on an earlier $300 million letter of intent from July 2026 that targeted silicon photonics development at the company’s facilities. GlobalFoun...