GlobalFoundries to Operate Two New Chip Fabs in New York

On October 14, GlobalFoundries announced it had been selected as the technology provider and operator for two new semiconductor wafer fabs in New York State. The project is a US-Japan collaboration with total investment of up to $21 billion, aimed at expanding domestic semiconductor manufacturing capacity, strengthening critical supply chains, and meeting growing chip demand in automotive, industrial, and connectivity infrastructure sectors.

Under the announced plan, Japan will provide funding while GlobalFoundries will handle technology and operations. The first fab is expected to cost about $10 billion and begin production in 2029, with the second fab also projected to require approximately $10 billion in investment.