Governor Hochul Celebrates the Groundbreaking of GlobalFoundries’ New $10 Billion Semiconductor Manufacturing Facility in Saratoga County

GlobalFoundries began construction on two new semiconductor fabrication plants in Malta, New York, with a $21 billion investment. The project, part of a U.S.-Japan initiative, aims to boost U.S. semiconductor capacity and create jobs. Each new fab will add 900,000 wafers per year, supporting technologies like AI and automotive systems. The first plant is expected to open in 2029.

GlobalFoundries (GFS) began construction on a $10B chip fab in New York, funded by a $21B U.S.-Japan initiative. The plant, expected online in 2029, will add 900,000 wafers of annual capacity, creating 27,000 jobs. Japan is investing, while GF provides technology and operates the plant.

GlobalFoundries has started construction on a $10 billion semiconductor plant in Malta, NY, part of a $12.3 billion expansion. The project, supported by $570 million in state incentives, aims to create 1,100 jobs and boost U.S. chip manufacturing capacity for high-growth sectors. The company plans additional investments and upgrades to meet rising demand.

GlobalFoundries (GFS) began construction on a semiconductor fab in Malta, NY, under a U.S.-Japan initiative. The company's shares dropped 3.5% in morning trading. U.S. and Japanese officials attended the groundbreaking ceremony. (279 characters)

GlobalFoundries (GFS) began construction on a new semiconductor fab in Malta, NY, under a U.S.-Japan initiative. The $10B project, with $570M in state incentives, aims to add 900,000 300mm wafers of annual capacity by 2029. A second fab may follow, supported by up to $21B in funding, creating 27,000 jobs.

GlobalFoundries started building its first Malta fab, with a $10B investment and $570M in incentives. The fab is expected to be operational by 2029, following the company's selection for a U.S.-Japan initiative.