GlobalFoundries to Help Address Global Chip Shortage With Plant Expansion and a New Facility
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.