GlobalFoundries Receive $1.5 Billion From US Government to Expand Semiconductor Production

In a significant move to bolster domestic chip production, the US government awarded GlobalFoundries, the world's third-largest contract chipmaker, a USD 1.5 billion grant. The funding will fuel a multi-pronged expansion plan for GlobalFoundries. A brand new production facility will be built in Malta, New York, while existing operations in both Malta and Burlington, Vermont, will see significant upgrades. 

This translates to more semiconductors churning out of US soil, addressing the persistent global chip shortage and mitigating the risks associated with overseas production.  The project is expected to generate a staggering USD 12.5 billion in potential investment across the two states.

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This marks a key implementation of the CHIPS and Science Act, aimed at strengthening American semiconductor supply chains and reducing reliance on foreign manufacturers. The projects, funded under the CHIPS and Science Act, would generate more than 10,000 jobs for a decade.

The microchips will be used in the space and defense industries. "The chips that GlobalFoundries will make in these new facilities are essential chips to our national security," Commerce Secretary Gina Raimondo said to reporters at a briefing.

About GlobalFoundries

GlobalFoundries is a multinational semiconductor contract manufacturing and design company. It is the world's leading foundry and the only one with a truly global footprint. The sale of AMD's manufacturing division in 2009 led to the establishment of the business. It is headquartered in Malta, New York, United States, and incorporated in the Cayman Islands.

GlobalFoundries has manufacturing facilities in the United States, Germany, Singapore, and Malaysia. The company also has sales offices in China, Taiwan, Japan, and South Korea. To find upcoming and ongoing semiconductor fabrication projects at Globalfoundries, explore our global semiconductor database.

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