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$1.5 billion Chips and Science Act money for Globalfoundries

February 19, 2024


The funding will support three GF projects:

  • Expansion of the company’s Malta, NY, fab by adding critical technologies already in production in GF’s Singapore and Germany facilities geared towards enabling the U.S. auto industry to ensure supply chain resilience for automotive customers.
  • Construction of a fab on the Malta campus to make mature technology ICs which represent more than 60% of the semiconductor market. Construction of this new fab combined with expansion of the existing site is expected to triple the existing capacity of the Malta campus over the next 10+ years. These two projects are expected to increase wafer production to 1 million per year once all phases are complete.

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