# GlobalFoundries to build new fab on Malta, NY campus

GlobalFoundries will construct a new state-of-the-art fab on its Malta campus to meet expected customer demand for U.S.-made essential chips for automotive, aerospace, defense and AI markets.

- Type: New facility
- Announced: 2024-02-19
- Where: Malta, New York, United States, United States
- Value: $1.50B
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GlobalFoundries](https://endata.com/companies/664.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [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: "Construction of a new state-of-art fab on the Malta campus to meet expected customer demand for U.S.-made essential chips across a broad range of markets and applications including automotive, aerospace, defense and AI."
- [investors.gf.com](https://investors.gf.com/news-releases/news-release-details/globalfoundries-and-biden-harris-administration-announce-chips), 2024-02-19: "Construction of a new state-of-art fab on the Malta campus to meet expected customer demand for U.S.-made essential chips across a broad range of markets and applications including automotive, aerospace, defense and AI."
- [schumer.senate.gov](https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces-globalfoundries-has-reached-15-billion-chips-award-agreement-with-feds-nys-first-and-the-nations-largest-chips-incentive-grant-thus-far-from-schumers-chips-and-science-law-with-chips-support-globalfoundries-plans-to-build-second-fab-in-capital-region-to-support-us-auto-defense_other-key-industries-creating-thousands-of-good-paying-jobs), 2024-02-19: "GlobalFoundries plans to construct new state-of-the-art fab in Malta & invest over $12 billion into expanding operations over the next 10+ years, adding thousands of new good-paying manufacturing and union construction jobs."

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