# GlobalFoundries invests $11.6B to expand semiconductor fab in Malta, New York

GlobalFoundries will invest more than $11.6 billion over 10 years to expand its existing Fab 8 site in Malta, New York, including building a new 358,000-square-foot semiconductor manufacturing facility. The project will create over 1,500 direct jobs and thousands of indirect jobs.

- Type: Expansion
- Announced: 2024-02-19
- Where: Malta, Saratoga County, New York, United States
- Value: $11.6B
- Jobs: 1,500
- Status: announced
- Capacity: tripling campus production capacity
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [governor.ny.gov](https://www.governor.ny.gov/news/governor-hochul-celebrates-globalfoundries-116-billion-investment-expand-semiconductor), 2024-02-19: "GlobalFoundries will invest more than $11.6 billion over the next 10 years to expand its existing Fab 8 semiconductor manufacturing site in New York's Capital Region."
- [gf.com](https://gf.com/news-and-events/news/globalfoundries-and-biden-harris-administration-announce-chips-and-science-act-funding-for-essential-chip-manufacturing/), 2024-02-19: "Expansion of GF’s existing Malta, NY, fab by adding critical technologies already in production in GF’s Singapore and Germany facilities geared towards enabling the U.S. auto industry."
- [investors.gf.com](https://investors.gf.com/news-releases/news-release-details/globalfoundries-and-biden-harris-administration-announce-chips), 2024-02-19: "Expansion of GF’s existing Malta, NY, fab by adding critical technologies already in production in GF’s Singapore and Germany facilities geared towards enabling the U.S. auto industry."
- [areadevelopment.com](https://www.areadevelopment.com/newsItems/2-21-2024/globalfoundries-malta-new-york.shtml), 2024-02-21: "Multinational semiconductor contract manufacturer GlobalFoundries plans to expand operations at its Fab 8 site in Malta, New York."

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