28 April 2021
GlobalFoundries moving HQ to New York State as it expands fab capacity
At an onsite event with Senate Majority Leader Chuck Schumer, GlobalFoundries (GF) of Santa Clara, CA, USA (which has operations in Singapore, Germany and the USA) announced that it will relocate its headquarters to Malta, New York, the site of Fab 8, the firm’s most advanced semiconductor manufacturing facility — as the company positions itself for growth, strengthens partnerships with customers and recruits new talent.
GF has invested more than $15bn in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the firm is doubling its planned investment to expand global capacity, with $500m targeted for Malta, NY alone.
The firm says that its move from its previous headquarters to its 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 US customers and ecosystem partners are based.
“GF’s Fab 8 in New York is a $15bn advanced semiconductor manufacturing facility and one that is playing a key role in the transformation of our industry to meet rapidly accelerating demand,” said CEO Tom Caulfield. “Our amazing 3000-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.”
“I would like to thank Senator Schumer for his steadfast support for GF over the years and his tireless leadership in forging a bipartisan coalition in Congress that, together with the Administration, fully appreciates the need for a secure and resilient domestic semiconductor supply chain,” Caulfield added. “The time for the Endless Frontier Act is now and, once approved by Congress and signed into law by President Biden, GF stands ready to do our part 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.”
“GlobalFoundries’ transition of its headquarters to Fab 8 in Malta is further indication of the company’s commitment to growth in New York and to the Empire State’s leadership in the semiconductor industry,” said Senate Majority Leader Chuck Schumer, who successfully passed into law new federal semiconductor manufacturing and R&D incentives in last year’s National Defense Authorization Act (NDAA). “The chips that GlobalFoundries manufactures here in Malta are critical to our national security and to our economic competitiveness across key industries. I have worked closely with GlobalFoundries over the years to look for opportunities to expand their presence in New York and I am now pushing to secure the federal funds necessary to implement programs we passed into law last year to support further expansion of domestic chip production by companies like GlobalFoundries, accelerating even more growth in the semiconductor industry across Upstate New York.”
GF employs more than 15,000 globally, with 7000 people across the USA including nearly 3000 at Fab 8. In 2020, GF announced a land purchase option to provide additional flexibility to expand Fab 8’s footprint to support growing demand from the US government and industry customers.