Vice President Kamala Harris has announced that the US government will award $1.5 billion to expand semiconductor production. You can read the briefing-room official statement here. US-based GlobalFoundries (GFS.O), the world’s third-largest contract chipmaker, will receive $1.5 billion to expand semiconductor production. On Monday, the Biden administration announced the decision, highlighting the need to “make progress on global supply chain challenges” and “secure domestic supply chains.” The company will build a new semiconductor production facility in Malta, New York, while also expanding existing operations there and in Burlington, Vermont, as laid out in an initial agreement with the Commerce Department. This is part of a long-standing push from the US government to strengthen US production of semiconductors and reduce reliance on imports from China. “This investment will also create more than 10,000 good jobs over the next decade, including many union construction jobs that pay fair wages and offer benefits like child care services,” the Vice President said in a statement. “Additionally, the domestic production of these chips will provide more supply chain stability to …