MALTA, N.Y., July 19, 2021 /PRNewswire/
-- GlobalFoundries (GF), the global leader in feature-rich
semiconductor manufacturing, today announced its expansion plans
for its most advanced manufacturing facility in upstate
New York over the coming years.
These plans include immediate investments to address the global
chip shortage at its existing Fab 8 facility as well as
construction of a new fab on the same campus that will double the
site's capacity.
The announcement was made as the company convened leaders from
government and industry to progress the national discussion around
solving U.S. semiconductor supply chain challenges. CEO
Tom Caulfield was joined by U.S.
Senate Majority Leader Chuck
Schumer, U.S. Secretary of Commerce Gina M. Raimondo, former Pentagon officials, and
executives from leading companies throughout the semiconductor
supply chain.
GF will invest $1 billion to
immediately add an additional 150,000 wafers per year within its
existing fab to help address the global chip shortage. Following
that, GF plans to construct a new fab that will create more than
1,000 new direct high-tech jobs and thousands more indirect jobs
including high-paying construction jobs for the region. Following
the successful investment model of Fab 8, GF is planning to fund
the new facility 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 that
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 expansion and job creation in Malta requires a new economic model, based on
the bold public-private partnerships being championed in
Washington by visionary leaders
Senator Schumer and Secretary Raimondo, as well as close
collaboration with our customers," said GF CEO Tom Caulfield. "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 for the betterment of
humanity. We are honored to be joined by government and automotive
leaders, national security experts, and our valued customers to
continue the critical discussions needed to create a reliable
supply of American-made chips to support the U.S. economy and
national security."
"I've led the fight to establish historic federal incentives for
semiconductor manufacturing and R&D to strengthen the domestic
semiconductor supply chain that is critical to our national
security and global competitiveness, including addressing the chip
shortage impacting industries across the economy, all in hopes of
bringing us to announcements like this today," said Sen.
Schumer. "As Majority Leader, I worked hard with companies like
GlobalFoundries to craft and pass the bipartisan U.S. Competition
and Innovation Act, providing $52
billion to expand the domestic semiconductor industry and
supercharge the GlobalFoundries expansion of Fab 8 and building a
new fab in Malta. Today's
announcement is a win-win-win: a win for jobs in the Capital
Region, a win for GlobalFoundries, and a win for U.S. government,
automakers, and other critical industries that desperately need
chips."
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 (ITAR). Moreover, GF offers the highest industry,
customer and government criteria for secure manufacturing,
worldwide, through its GF Shield program.
About GF
GlobalFoundries (GF) is one of the world's
leading semiconductor manufacturers and the only one with a truly
global footprint. GF delivers feature-rich solutions that enable
its customers to develop innovative products for pervasive chips
for high-growth markets. GF provides a broad range of feature-rich
process technology solutions with a unique mix of design,
development and fabrication services. With an at-scale
manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its
customers across the globe. GF is owned by Mubadala Investment
Company. For more information, visit www.gf.com.
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