1.5 billion$ contractThe Biden adm. is awarding 1.5 billion for the contruction and expansion of 2 new plants(See below)
One in N-Y and one in Vermont(on the door step of DRX)
Don't get me wrong,i don't have a clue as who will win the structural building of these two plants.
But what i do know is that the more the work, the better the chance for DRX to get it's share and stay busy for years to come.
There is so much big projects going on, no single company will be able to win them all.
That is why we see all the stocks in this sector booming.
And i guess it is why J-F.Boursier says that DRX will be CHOOSY in the contract they bid on.
The U.S. government is awarding US$1.5-billion to GlobalFoundries
decreas
to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the COVID-19 pandemic exposed weaknesses.
GlobalFoundries, the world’s third-largest contract chip maker, will build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont, according to a preliminary agreement with the Commerce Department.