GlobalFoundries Joins CHIPS Women in Construction Framework

Group 1: Company Initiatives - GlobalFoundries (GF) announced a new student loan repayment program to assist U.S.-based employees and eligible recruits in paying up to $28,500 in student loan debt, tax-free [1] - GF offers tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave, an employee fitness stipend, and childcare subsidies [1] - GF has established a first-of-its-kind apprenticeship program providing full-time paid positions and cost-free college courses for individuals with no prior experience in the semiconductor industry [1] Group 2: Commitment to Diversity - GF committed to the U.S. Department of Commerce's CHIPS Women in Construction Framework, aiming to increase the representation of women and economically disadvantaged individuals in the construction workforce [7] - The CHIPS initiative seeks to double the number of women in construction over the next decade, with GF's Chief People Officer announcing the commitment at a White House event [7] - GF will collaborate with contractors, trade unions, and community organizations to implement best practices that support the recruitment and retention of women and economically disadvantaged individuals [3][4] Group 3: Strategic Partnerships and Outreach - GF has formed strategic partnerships with top universities and community colleges to build a diverse workforce and semiconductor talent pipeline [9] - The company engages in STEM outreach programs to inspire younger students and raise industry awareness through hands-on experiences [9] - In May, GF announced a partnership with Micron Technology and the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions [12]