GLOBALFOUNDRIES (GF), a global leader in feature-rich semiconductor manufacturing, will be relocating its headquarters to Malta, New York. This is the site of Fab 8, the company's most advanced semiconductor manufacturing facility.
GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is doubling its planned investment to expand global capacity, with $500 million targeted for Malta, NY alone.
The move from GF's previous headquarters to its state-of-the-art fab in New York is part of the company's commitment to addressing the soaring global chip demand, with a focus on semiconductor manufacturing innovation. GF will maintain a substantial presence in Santa Clara, California, in the heart of Silicon Valley, where many of GF's leading U.S. customers and ecosystem partners are based.
GF CEO Tom Caulfield said that GF's Fab 8 in New York is a $15 billion advanced semiconductor manufacturing facility and one that is playing a key role in the transformation of their industry to meet rapidly accelerating demand. He further added that as a native New Yorker, son of an NYC firefighter, and manufacturer at heart, he is personally proud to be making upstate New York GF's new headquarters. Their amazing 3,000-person workforce, in partnership with their local, state, and federal leaders will together build on GF's success, solidifying the Empire State's place as one of a few world-class semiconductor manufacturing hubs at a time when their national and economic security depends more and more on what they can make there at home.
Caulfield also stated that he would like to thank Senator Schumer for his steadfast support for GF over the years and his tireless leadership in forging a bipartisan coalition in Congress that together with the Administration fully appreciates the need for a secure and resilient domestic semiconductor supply chain. The time for the Endless Frontier Act is now, and once approved by Congress and signed into law by President Biden, GF stands ready to do its part by expanding in upstate New York and creating many more high-paying American jobs. Their ambitious goal is to double their capacity at the site in the years to come in partnership with their customers, local, state and federal governments.
Senate Majority Leader Chuck Schumer mentioned that GlobalFoundries' transition of its headquarters to Fab 8 in Malta is further indication of the company's commitment to growth in New York and to the Empire State's leadership in the semiconductor industry. He successfully passed into law, the new federal semiconductor manufacturing and R&D incentives in last year's National Defense Authorization Act (NDAA). He further stated that the chips that GLOBALFOUNDRIES manufactures in Malta are critical to their national security and to their economic competitiveness across key industries. He has worked closely with GlobalFoundries over the years to look for opportunities to expand its presence in New York and he is now pushing to secure the federal funds necessary to implement programs they passed into law last year to support further expansion of domestic chip production by companies like GlobalFoundries, accelerating even more growth in the semiconductor industry across Upstate New York.
The GF company employs more than 15,000 globally with 7,000 people across the U.S., and nearly 3,000 at its Fab 8 in Malta, New York. In 2020, GF announced a land purchase option to provide additional flexibility to expand Fab 8's footprint to support growing demand from the U.S. government and industry customers.
Semiconductor chips are more pervasive than ever, becoming one of humankind's most vital resources, from smartphones and automobiles to technology in schools and hospitals, modern society can no longer survive without them. GLOBALFOUNDRIES is a trusted provider to 250 customers worldwide including the US Government.
