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Largest US semiconductor maker snags $1.5B from stalled Chips Act for plants in NY, Vermont

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Largest US semiconductor maker snags .5B from stalled Chips Act for plants in NY, Vermont


The Biden administration awarded $1.5 billion to the nation’s largest domestic semiconductor manufacturer — the first major grant from the $52 billion Chips Act passed nearly two years ago.

GlobalFoundries, the world’s third-largest contract chip maker, will build a new semiconductor production facility in Malta, NY, as well as expand existing operations at the plant and another in Burlington, Vt., according to a preliminary agreement with the Commerce Department.

The grant will be accompanied by $1.6 billion in available loans, with the funding expected to generate $12.5 billion in overall potential investment across the two states.

“The chips that GlobalFoundries will make in these new facilities are essential chips to our national security,” Commerce Secretary Gina Raimondo told reporters at a briefing.

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GlobalFoundries intends to use the funding to help pay for the construction of a new advanced chip factory in Malta, located about 30 miles north of Albany. It will also increase production at the existing plant in Malta as part of a strategic agreement with General Motors, and revitalize its plant in Burlington, Vermont.

GlobalFoundries campus in Malta, NY is seen in the above 2014 photo. The Biden administration is awarding the company $1.5 billion as part of the CHIPS Act. AP

The projects are expected to create 1,500 manufacturing jobs and 9,000 construction jobs over the next decade.

As part of the terms of the deal, $10 million would be dedicated to training workers. GlobalFoundries also will extend its existing $1,000 annual subsidy for child care and child care support services to construction workers.

The chips, as small as a fingernail, are used in satellite and space communications and the defense industry, the officials said, in addition to everyday applications such as blind spot detection and collision warnings in cars and electric vehicles, along with WiFi and cellular connections.

In August 2022, Biden signed the bipartisan CHIPS Act to bolster domestic production of semiconductors to hedge against China’s saber-rattling aimed at Taiwan — a key supplier of the world’s advanced computer chips.

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GlobalFoundries is the largest domestic producer of semiconductors. REUTERS

It includes $39 billion in direct grants and another $13 billion for research and development, as well as workforce training. There is also an additional $75 billion in loans and loan guarantees.

Thus far, the government has awarded just a $35 million grant to BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets.

In December, Samsung, the Korean electronic giant, announced that it would delay production at its new chip manufacturing plant in Texas until 2025.

Biden has sought to bolster domestic manufacturing in computer chips in anticipation of a possible Chinese invasion of Taiwan. AP

The announcement came just months after its top rival, Taiwan Semiconductor Manufacturing Co., said it would postpone production at its new Arizona facility, which was scheduled to begin this year, until 2025.

TSMC, whose customers include tech behemoths Apple and Nvidia, said the delay was due to the company’s difficulties in finding skilled workers as well as higher-than-anticipated expenses.

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The company, which is investing $40 billion in the new plant in Arizona, has reportedly sought $15 billion in CHIPS Act funds.

But TSMC has balked at some of the strings attached by Washington to the proposed funding, which include a requirement to share profits from the factories as well as detailed information about its operations.

With Post Wires



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Vermont

Unemployment claims in Vermont increased last week

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Unemployment claims in Vermont increased last week


Initial filings for unemployment benefits in Vermont rose last week compared with the week prior, the U.S. Department of Labor said Thursday.

New jobless claims, a proxy for layoffs, increased to 375 in the week ending February 21, up from 357 the week before, the Labor Department said.

U.S. unemployment claims rose to 212,000 last week, up 4,000 claims from 208,000 the week prior on a seasonally adjusted basis.

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Rhode Island saw the largest percentage increase in weekly claims, with claims jumping by 132.0%. Michigan, meanwhile, saw the largest percentage drop in new claims, with claims dropping by 49.9%.

USA TODAY Co. is publishing localized versions of this story on its news sites across the country, generated with data from the U.S. Department of Labor’s weekly unemployment insurance claims report.



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Vermont high school sports scores, results, stats for Thursday, Feb. 26

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Vermont high school sports scores, results, stats for Thursday, Feb. 26


The 2025-2026 Vermont high school winter season has begun. See below for scores, schedules and game details (statistical leaders, game notes) from basketball, hockey, gymnastics, wrestling, Nordic/Alpine skiing and other winter sports.

TO REPORT SCORES

Coaches or team representatives are asked to report results ASAP after games by emailing sports@burlingtonfreepress.com. Please submit with a name/contact number.

Contact Alex Abrami at aabrami@freepressmedia.com. Follow him on X, formerly known as Twitter: @aabrami5.

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Contact Judith Altneu at JAltneu@usatodayco.com. Follow her on X, formerly known as Twitter: @Judith_Altneu.

THURSDAY’S H.S. GAMES (REGULAR SEASON)

Boys basketball

Games at 7 p.m. unless noted

Peoples at North Country, 6:30 p.m.

Northfield at Stowe

Hazen at U-32

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Oxbow at BFA-Fairfax

Winooski at Middlebury

Watch Vermont high school games on NFHS Network

Mount Mansfield at South Burlington

Essex at St. Johnsbury

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BFA-St. Albans at Colchester

Lamoille at Spaulding

Lyndon at Harwood

Williamstown at Twinfield/Cabot

Rice at Champlain Valley

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Randolph at Montpelier

Lake Region at Thetford

(Subject to change)





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Vermont seasonal snowfall ranks high despite missing out on the Blizzard of 2026

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Vermont seasonal snowfall ranks high despite missing out on the Blizzard of 2026


BURLINGTON, Vt. (WCAX) – The historic ‘Blizzard of 2026′ brought a winter’s worth of snowfall to Southern New England, especially Rhode Island and southeastern Massachusetts area. Both states including New Jersey had snowfall totals that surpassed each respective state’s 24-hour snowfall record. Vermont on the other hand, too far north of the storm only received a fraction of the amount of snow.

HIGHEST SNOWFALL REPORTS BY STATE FROM BLIZZARD 2026:

  • RHODE ISLAND 37.9″ (Warwick)
  • MASSACHUSETTS 37.0″ (Bliss Corner)
  • NEW YORK 31.0″ (Central Islip)
  • CONNECTICUT 30.8″ (North Stonington)
  • NEW JERSEY 30.7″ (Lyndhurst)
  • PENNSYLVANIA 22.1″ (Langhorne)
  • DELAWARE 21″ (Long Neck)
  • MARYLAND 16″ (Bishopville)
  • VIRGINIA 15″ (Wintergreen)
  • MAINE 12″ (Trescott)
  • NEW HAMPSHIRE 9.8″ (Barrington)
  • VERMONT 6.8″ (Readsboro)

In northern Vermont, Burlington only received a few flakes from this historic nor’easter. Despite that, Burlington’s seasonal snowfall to date still ranks in the top ten across the eastern United States.

Current seasonal snowfall total rankings in the Eastern United States as of February 24th, 2026:

  1. Mt. Washington NH, 188.2″
  2. Syracuse NY, 130.4″
  3. Rochester NY, 105.4″
  4. Buffalo NY, 85.8″
  5. Milton MA, 77.7″
  6. Worcester MA, 75.4″
  7. Burlington VT, 71.4″
  8. Erie PA, 69.0″
  9. Caribou ME ,68.1″
  10. Warwick RI, 67.8″
  11. Binghamton NY, 66.4″
  12. Norton MA, 66.1″
  13. Boston MA, 60.4″
  14. Bangor ME, 59.9″
  15. Islip NY, 59.5″
  16. Gray NH, 58.7″
  17. Manchester NH, 57.3″
  18. Albany NY, 54.8″
  19. Bridgeport CT, 54.6″
  20. Newark NJ, 53.4″
  21. Youngstown OH, 51.9″
  22. Windsor Locks CT, 51.0″
  23. Portland ME, 50.9″
  24. Cleveland OH, 49.1″
  25. Concord NH, 48.5″
  26. Bluefield WV, 47.3″
  27. Akron Canton OH, 45.4″
  28. Beckley WV, 44.7″
  29. NYC/JFK AP NY, 44.2″
  30. NYC/LaGuardia NY, 44.3″
  31. Pittsburgh PA, 43.6″
  32. Trenton-Ewing NJ, 43.4″
  33. NYC/Central Park NY, 42.0″
  34. Avoca PA, 36.9″
  35. Dayton OH, 36.7″
  36. Allentown PA, 35.5″
  37. Columbus OH, 30.2″
  38. Philadelphia PA ,30.0″
  39. Covington KY, 29.1″
  40. Toledo OH, 28.8″
  41. Mansfield OH, 28.7″
  42. Pomona NJ, 26.1″
  43. Charleston WV, 25.5″
  44. Reading PA, 24.3″
  45. Wilmington DE, 24.0″
  46. Middletown PA, 23.8″
  47. Blacksburg VA, 21.8″
  48. Williamsport PA, 19.0″
  49. Huntington WV, 16.1″
  50. Baltimore MD (BWI), 15.6″
  51. Salisbury MD, 14.8″
  52. Roanoke VA, 13.8″
  53. Wallops Island VA, 13.5″
  54. New Bern NC, 13.0″
  55. Danville VA, 12.8″
  56. Dulles VA, 12.6″
  57. Greensboro NC, 12.5″
  58. Charlotte NC, 12.2″
  59. Lynchburg VA, 11.8″
  60. Richmond VA, 11.0″
  61. Washington DC, 9.6″
  62. Elizabeth City NC, 6.9″
  63. Wilmington NC, 5.8″
  64. Norfolk VA, 5.6″
  65. Greer SC, 5.5″
  66. Asheville NC, 5.4″
  67. Raleigh NC, 3.6″
  68. Augusta GA, 3.5″
  69. Columbia SC, 2.9″
  70. North Charleston SC, 1.1″
  71. Cape Hatteras NC, 0.8″
  72. Savannah GA, 0.5″



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