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GlobalFoundries Joins CHIPS Women in Construction Framework
GLOBALFOUNDRIESGLOBALFOUNDRIES(US:GFS) GlobeNewswire News Roomยท2024-06-18 14:05

Core Viewpoint - GlobalFoundries (GF) has 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 as part of the Million Women in Construction initiative [10][11]. Group 1: Commitment and Framework - GF will collaborate with contractors, trade unions, and community organizations to implement best practices that enhance recruitment and retention of women and economically disadvantaged individuals in construction [11][12]. - The CHIPS Women in Construction Framework consists of five best practices designed to support the successful completion of CHIPS program-funded projects [12]. Group 2: Workforce Development Initiatives - GF has announced a partnership with Micron Technology and the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions (MSI) to address the workforce needs of the U.S. semiconductor ecosystem [3]. - The company has introduced a 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, along with other benefits such as tuition reimbursement and childcare subsidies [4]. Group 3: Educational Outreach and Partnerships - GF has established strategic partnerships with top universities and community colleges to build a diverse workforce and semiconductor talent pipeline [5]. - The company runs a STEM outreach program aimed at engaging middle and high school students to raise industry awareness and provide hands-on experiences [5]. Group 4: Company Overview - GlobalFoundries is a leading semiconductor manufacturer known for its innovative process technology solutions and diverse workforce, with a manufacturing footprint across the U.S., Europe, and Asia [7].