GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative
GlobalFoundries was 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, with Japan supplying the investment. An initial ~$10 billion will fund the first 300mm fab, expected online in 2029 and adding ~900,000 wafers of annual capacity; an additional ~$10 billion would fund a second fab of similar scale. GF also agreed to reallocate $955 million of its CHIPS Act award toward silicon photonics, SiGe and advanced packaging. As part of a separate agreement, the U.S.
Key figures
- Guidance
- First new 300mm fab online in 2029, groundbreaking later this year
- Deal Value Usd
- $21 billion
- Construction jobs
- about 27,000
- Chips reallocation
- $955 million
- Initial investment
- approximately $10 billion
- Manufacturing jobs
- more than 1,000
- Second fab investment
- approximately $10 billion
- Government equity stake
- approximately four percent
- Annual wafer capacity first fab
- approximately 900,000 300mm wafers
AI analysis
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