GlobalFoundries plans $1B expansion and new fab in upstate New York

GlobalFoundries announced expansion plans for its Fab 8 facility in Malta, New York, including an immediate $1 billion investment to add 150,000 wafers per year capacity and plans to construct a new fab on the same campus that will double the site's capacity and create over 1,000 new direct jobs.

“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.”prnewswire.com

• 1 source
• prnewswire.comGlobalFoundries Plans to Build New Fab in Upstate New York in Private-Public Partnership to Support U.S. Semiconductor ManufacturingGLOBALFOUNDRIESJul 19, 2021

Summarized from public sources; check the original articles before acting on it.