GlobalFoundries receives $1.5 billion from CHIPS and Science Act to build new semiconductor facility and upgrade 2 existing sites

The new 300 mm fabrication facility will be located in Malta, New York and is engineered to produce technologies not currently available in the U.S. The plant will serve a wide variety of markets and applications. The expansion of the existing New York facility will include additional technologies designed to support the U.S. auto industry’s need for chips. The two New York plants are expected to triple the existing capacity of the Malta campus, increasing wafer production to 1 million per year. The modernization of the Vermont 200mm facility will include upgrades to the facility, expanded capacity, and the production of gallium nitride (GaN) semiconductors.

The combined projects are expected to generate 1,500 new manufacturing jobs over the next 10 years. The PMT also provides $10 million in dedicated workforce development funding for GF, as well as $1.6 billion in loans.

In a recent quote, Dr. Thomas Caulfield, president and CEO of GF, said, "GF is proud to announce this proposed funding from the Department of Commerce and appreciates the collaboration of the CHIPS Office throughout this process. These proposed investments, along with the investment tax credit (ITC) for semiconductor manufacturing, are central to the next chapter of the GlobalFoundries story and our industry. They would also play an important role in making the U.S. semiconductor ecosystem more globally competitive and resilient. With new onshore capacity and technology on the horizon, as an industry we now need to turn our attention to increasing the demand for U.S.-made chips, and to growing our talented U.S. semiconductor workforce."

Investing in American Manufacturing - 2024

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