GlobalFoundries has landed a major investment from the U.S. Department of Commerce, securing up to $1.5 billion under the CHIPS and Science Act. This funding is part of a larger $13 billion investment plan aimed at expanding and modernizing GF’s semiconductor manufacturing in the United States.
Key Projects
- Malta, New York: Expansion to add critical technologies for automotive chips.
- Essex Junction, Vermont: Modernization to become a leading facility for gallium nitride (GaN) semiconductors.
- New Fab Consideration: Potential construction of a state-of-the-art fab to meet growing demand.
The funding will create around 10,000 jobs, including direct manufacturing and construction jobs. This investment aligns with efforts to strengthen the U.S. semiconductor supply chain, ensuring a stable supply of critical chips for various sectors, from consumer electronics to defense.
Dr. Thomas Caulfield, CEO of GF, emphasized the importance of this funding for U.S. economic and national security. The CHIPS Act funding is a crucial step in addressing semiconductor supply chain disruptions and enhancing U.S. global competitiveness.
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