GlobalFoundries is doubling down on the New York campus where it already makes chips for cars, phones, and data centers. The company is putting $16 billion into its U.S. operations, and the centerpiece is a new 358,000-square-foot fab plus an advanced packaging line rising on its Malta, New York site in Saratoga County.
Project Scope
The expansion adds a new high-volume manufacturing building on the existing Luther Forest campus, an advanced packaging and test center, and research lines for silicon photonics and gallium nitride power devices. GlobalFoundries expects the work to create more than 1,500 direct manufacturing jobs, with roughly 100 more at the packaging center. More than $1.5 billion in federal CHIPS Act funding backs the buildout, on top of the company’s own capital.
Why It Matters
Malta is GlobalFoundries’ most advanced U.S. site, and the second fab there is a direct bet that AI, communications gear, and electrified vehicles will keep pulling chip demand up. Reshoring this kind of capacity has been the whole point of the CHIPS program, and few sites have absorbed as much of that money as this one. For the Capital Region, it locks in a semiconductor cluster that now anchors thousands of jobs.
Project Team & Details
| Developer | GlobalFoundries |
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| Owner / Client | GlobalFoundries |
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| Status | Under Construction |
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| Funding Source | Mixed |
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