MALTA, NY—GlobalFoundries (GF) has announced plans to expand production at its Fab 8 semiconductor facility here and build a new facility (fab) to double the site’s current capacity and help address the global chip shortage. GF will invest $1 billion to immediately add an additional 150,000 wafers per year. Following that, GF will construct a new fab that will create more than 1,000 new direct high-tech jobs and thousands more indirect jobs.

The new facility will be funded through private-public partnerships, including customers, federal and state investments. This new capacity will serve the growing demand for secure, feature-rich chips needed by high-growth markets including automotive, 5G connectivity and the Internet of Things. The facility will also support national security requirements for a secure supply chain.

These investments to expand GF’s U.S. manufacturing footprint are part of the company’s broader global expansion plans. They include the recently announced new fab in Singapore and $1 billion planned investment to expand in Germany, all to meet the growing demand from customers worldwide.

“Our industry is expected to grow more in the next decade than it did in the past 50 years, and GF is stepping up to do its part as we work together to address the growing demand for technology innovation," says GF CEO Tom Caulfield. "We are honored to continue the critical discussions needed to create a reliable supply of American-made chips to support the U.S. economy and national security.”

GF employs more than 15,000 worldwide with 7,000 people across the U.S., and nearly 3,000 at its headquarters in Malta, New York. GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and increase manufacturing capacity. As an accredited supplier of advanced semiconductors to the U.S. government, GF delivers secure and reliable semiconductor solutions at Fab 8, which is compliant with the U.S. International Traffic in Arms Regulations.