GlobalFoundries is planning its most advanced manufacturing facility in upstate New York, to include immediate investments to address the global chip shortage at its existing Fab 8 facility and construction of a new fab on the same campus, doubling capacity.
GF will invest $1 billion to immediately add an additional 150,000 wafers per year within its existing fab. It also plans to construct a new fab that to create more than 1,000 new direct high-tech jobs and thousands more indirect jobs including high-paying construction jobs for the region. The new facility will be funded through private-public partnerships including customers, federal and state investments.
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 put more than $15 billion in its Fab 8 facility over the last decade..
Original Release: PR Newswire