# GlobalFoundries selected to operate two new semiconductor fabs in New York

GlobalFoundries has been selected as technology provider and operator for two new semiconductor fabs at its Malta, New York site under a U.S.-Japan initiative providing up to $21 billion in funding. The first fab, with an initial investment of approximately $10 billion, is expected to come online in 2029.

- Type: New facility
- Announced: 2026-10-14
- Where: Malta, New York, United States
- Value: $10.0B
- Jobs: 27,000
- Starts operating: 2029
- Status: announced
- Capacity: 900,000 300mm wafers per year (first fab)
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GlobalFoundries](https://endata.com/companies/664.md)

## Sources

- [investors.gf.com](https://investors.gf.com/news-releases/news-release-details/globalfoundries-selected-operate-two-new-semiconductor-fabs-new), 2026-10-14: "GlobalFoundries today announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.