GlobalFoundries Begins Construction on New Semiconductor Fab in New York Under U.S.-Japan Initiative

GlobalFoundries has broken ground on a new 300mm semiconductor manufacturing facility in Malta, New York. This initiative, supported by a landmark U.S.-Japan partnership with up to $21 billion in funding, aims to expand trusted U.S. semiconductor capacity for automotive, industrial, and connected infrastructure markets. The first fab is expected to come online in 2029, adding approximately 900,000 300mm wafers of annual manufacturing capacity.