JUser: :_load: Unable to load user with ID: 766

Thursday, 29 April 2021 12:27

Globalfoundries World HQ Relocating to Malta

GlobalFoundries photo provided by Shelby Schneider of SCPP. GlobalFoundries photo provided by Shelby Schneider of SCPP.

MALTA — Globalfoundries is relocating its headquarters to Malta, 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 alone.

“This is a huge shot in the arm for our Capital Region economy,” U.S. Sen. Charles Schumer explained during an event held April 26, announcing the company’s plans to relocate its headquarters. 

In a prepared statement, the company said the move to its state-of-the-art fab in New York is part of its commitment to address 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.

“Today, 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 our industry to meet rapidly accelerating demand,” said GF CEO Tom Caulfield. “Our amazing 3,000-person workforce, in partnership with our 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 our national and economic security depends more and more on what we can make here at home,” he said. 

On April 21, the U.S. Senate introduced the Endless Frontier Act – a bill that would increase American investments in science and technology innovation and aims to strengthen the economy. When approved by Congress and signed into law by President Biden, Caulfield said GlobalFoundries stands ready by expanding in upstate New York and creating many more high-paying American jobs. “Our ambitious goal is to double our capacity at this site in the years to come in partnership with our customers, local, state and federal governments. We can do this.”

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, the semiconductor manufacturer 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.

Saratoga County Board of Supervisors Chairman Theodore Kusnierz and Malta Town Supervisor Darren O’Connor said they were both encouraged by the announcements, which sets the stage for continued growth and expansion for GlobalFoundries in Saratoga County.

“This is a significant commitment by GlobalFoundries, which greatly reinforces the importance of Luther Forest, Malta and Saratoga County in their future expansion plans.  Given the rapidly growing worldwide demand for advanced semiconductors, we are very pleased that GlobalFoundries is letting the world know that they are committed to meeting this demand, and the center of that effort will be led right here in Saratoga County,” said
Chairman Kusnierz.

GlobalFoundaries is owned by Mubadala Investment Company. For more information, go online to www.globalfoundries.com.

Read 599 times


  • COURT Clifford C. Colvin, 61, of Mechanicville, was sentenced April21 to 1-1/3 to 4 years in state prison, after pleading to aggravated DWI, a felony, in connection with an incident in Malta.  Justen S. Roberts, 24, of Cohoes, pleaded April 21 to felony burglary, and criminal contempt misdemeanor, in connection with an incident in Waterford. Sentencing June 23.  Zachary J. Golding, 34, of Clifton Park, pleaded April 20 to criminal contempt in the first-degree, a felony, in connection with an incident in Halfmoon. Sentencing July 6.  Bradley J. Vandusen, 56, homeless, was sentenced April 19 to 5 years in state…

Property Transactions

  • BALLSTON Eastline Holdings LLC sold property at 19 Tamarack St to Charisse Steinberg for $402,580. Timothy Paniccia sold property at 10 Mackenna Ct to Jesse Bisceglia for $444,000. Roy Coppinger sold property at Lake Rd to Eric Ruehlman for $108,620. Erica Schumaker sold property at 30 Chesterwood Ct to Jeremiah Strain for $310,000. Brookview Court Inc sold property at 3101 Stonebridge Dr to James Marshall for $287,225 Shaun Zepf sold property at 211Ballston Ave to 211 Ballston Ave LLC for $270,000 CORINTH  White Oak Acres sold property at 4534 Rt 9N to Mann Properties LLC for$387,000. GREENFIELD Cartier Construction Co…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Saratoga Convention & Tourism Bureau
  • Saratoga Springs Downtown Business Association