Globalfoundries CEO Caulfield Stands Up for the 70%

>the Biden Administration to earmark $50 billion to ensure that more advanced semiconductor manufacturing gets performed domestically, Tom Caulfield is scrapping for recognition for a chip company that is already here, that is already doing advanced IC manufacturing

I think the heart of the argument isn't just "domestically performed" but "domestically owned", which Globalfoundries is not. They are owned 100% by Mubadala.

>Mubadala Investment Company PJSC is an Emirati state-owned holding company that can be characterized as a sovereign wealth fund.