According to foreign media reports, Qualcomm agreed to purchase an additional $4.2 billion worth of semiconductor chips from the New York factory of chip maker GlobalFoundries, according to a document released on Monday, local time, so that the annual purchases will total $7.4 billion by 2028.

Previously, Qualcomm and GF had reached a $3.2 billion purchase agreement. Under the agreement, GF will produce chips for Qualcomm for 5G transceivers, Wi-Fi, automotive and IoT connectivity.

Founded in 2009 and owned by Abu Dhabi sovereign wealth fund Mubadala Investments, GF is an American chip foundry whose customers include chipmakers such as Qualcomm, AMD, Broadcom and STMicroelectronics business. On October 28, 2021, the company began trading on the Nasdaq stock market under the ticker symbol “GFS”.

Currently, GF has three chip manufacturing bases in the United States, one in Malta, New York, and two in Burlington, Vermont and East Fishkill, New York.

In July last year, GF announced that it would invest in a new second chip factory in Malta, New York. But in July, the company’s chief executive, Tom Caulfield, said that if a bill to support the U.S. computer chip industry doesn’t pass in the next few weeks, the plan building factory to produce chips in upstate New York will likely be delayed.

Late last month, the US House of Representatives passed the $280 billion Chips and Science Act. The bill includes more than $52 billion in subsidies for U.S. companies that make computer chips; $1.5 billion for technology development for U.S. companies that rely on foreign telecommunications; and a 25 percent tax credit for companies investing in chip factories in the U.S.; $10 billion for Commerce to create 20 regional technology centers.

After the House voted, the bill was sent to President Biden for signature. On Wednesday, the White House announced that U.S. President Joe Biden would sign the Chips and Science Act into law on Tuesday, local time.