GlobalFoundries Announces Major Semiconductor Manufacturing Expansion Under U.S.-Japan Initiative and CHIPS Act Amendment

GlobalFoundries has been selected to operate two new semiconductor manufacturing facilities in Malta, New York, as part of a U.S.-Japan Strategic Investment Initiative, involving up to $21 billion in capital investments. This initiative aims to expand critical semiconductor manufacturing capacity in the United States. Additionally, the Department of Commerce amended GlobalFoundries' existing CHIPS Program award, reallocating up to $955 million to accelerate investments in silicon photonics, silicon-germanium, and advanced packaging technologies at its Malta, NY, and Burlington, VT, facilities. This expansion will enhance domestic manufacturing of technologies crucial for communications infrastructure and data centers.