Back in November President Trump launched the Genesis Mission — an AI development project the DOE directly compared to the Manhattan Project. On July 22, DOE selected 278 projects under its first Genesis Mission research solicitation, spread across the 17 national labs. And not long after that, GlobalFoundries signed a letter of intent with the Commerce Department for a $300 million CHIPS Act award to advance next-generation silicon photonics. Essentially, photonic chips are the only way we can scale AI without draining the world’s power supply, or whole lakes, in the process. GlobalFoundries Cashes the First Big CheckOn July 29, GlobalFoundries signed a letter of intent with the Commerce Department for a $300 million CHIPS Act award to advance next-generation silicon photonics.