GlobalFoundries Overcomes Last Hurdle for Fab 8.2

STILLWATER – GlobalFoundries overcame its last obstacle to building a second fab campus on September 5 when the Stillwater Town Board approved zoning changes that would allow the chip manufacturer to build Fab 8.2.

Last month, Malta’s town board approved similar changes to allow for the expansion of the company after six months of negotiations.

While GlobalFoundries has not committed to moving forward on the proposed $14.7 billion project, the changes to the planned development district allow for taller and larger buildings with an additional 175,000 square feet of clean room space. Malta town leaders approved a similar measure last month.

If built, the second chip plant is expected to add 3,700 additional jobs at the company, which already employs more than 2,100 people locally.

Under the agreement approved Thursday, GlobalFoundries will pay Stillwater $3 million toward the purchase of the closed Brown's Beach, which officials hope to reopen to the public after it was privatized in 2006.