GlobalFoundries Inc. (NASDAQ:GFS) is one of the best multibagger stocks to buy in 2026. On May 21, GlobalFoundries launched Quantum Technology Solutions to scale domestic manufacturing for utility-scale quantum computing. The new business will manufacture complete hardware solutions (including quantum processor units/QPUs, cryogenic read-out ICs, and advanced packaging), marking GF’s entry into next-generation high-performance computing.
The initiative is backed by a planned $375 million CHIPS R&D award from the US Department of Commerce, which will also receive an approximate 1% strategic equity stake in GlobalFoundries. This partnership aims to strengthen national security, build supply-chain resilience, and create thousands of American jobs.
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Using GlobalFoundries Inc.’s (NASDAQ:GFS) flexible US footprint and FDX platform, the foundry will transition quantum hardware from lab-scale to industrial production. Major industry partners, including Google Quantum AI, Microsoft, NVIDIA, and various quantum innovators, support the initiative to accelerate scalable quantum deployment.
GlobalFoundries Inc. (NASDAQ:GFS) is a leading multinational semiconductor manufacturer operating as a pure-play foundry, producing chips designed by other companies.
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