GlobalFoundries to construct second plant in Malta

MALTA, N.Y. (NEWS10) — GlobalFoundries will be building a second chip FAB plant in Malta, following a $1.5B grant awarded from the federal government. According to Senator Chuck Schumer’s Office, the company in the Captial Region will make an estimated $12B investment over the next 10+ years.

The new plant is expected to bring in 1,500 new jobs in the area. According to the Office of Chuck Schumer, the new state-of-the-art computer chip factory will grow GlobalFoundries’ current chip manufacturing fab for the automotive industry in Malta, strengthen GlobalFoundries’ Vermont operations, and add secure capacity for essential chip manufacturing for big markets. 

“New York State is becoming the best place on earth to build a business,” Governor Hochul said. “Thanks to our pro-business policies, commitment to innovation, and best-in-the-nation workforce, green jobs and high-tech manufacturers are flocking to the Empire State. This $11 billion investment from GlobalFoundries is a game changer, and with the partnership of the Biden administration, New York’s congressional delegation, and all of our local stakeholders, the best is yet to come.”