• Saratoga Business Report
Sunday, 02 May 2021 23:21

Globalfoundries World HQ Relocating to Malta

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GlobalFoundries photo provided by Shelby Schneider of SCPP. 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.

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