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3mo ago

GlobalFoundries Pledges $16 Billion to Ramp Up U.S. Chip Production

The plan directs $1 billion to expand plants in New York plus Vermont, with $3 billion devoted to R&D in packaging, silicon photonics, gallium nitride to support growing AI hardware demand.

A screen displays the company logo for semiconductor and chipmaker GlobalFoundries Inc. during the company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021. REUTERS/Brendan McDermid/File Photo
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Overview

  • The additional funding raises GlobalFoundries’ U.S. investment to over $16 billion, up from its $12 billion commitment announced in 2024.
  • A $1 billion capital boost will back facility upgrades at its Malta, New York, and Essex Junction, Vermont sites.
  • Research spending will focus on advanced chip packaging, silicon photonics for quantum computing processors, and gallium nitride for power applications.
  • CEO Tim Breen said durable demand for AI hardware underpins the decision, citing its impact on data center technology growth.
  • The expansion aligns with the Trump administration’s push to onshore semiconductor supply chains and bolsters service to clients such as Apple and AMD.