GlobalFoundries has officially commenced construction on a new 300 mm semiconductor manufacturing facility at its Malta, New York, site. This project represents the first phase of a strategic U.S.-Japan partnership aimed at increasing domestic chip production capacity for the automotive, industrial, and connected infrastructure sectors.
The initiative is supported by a total funding commitment of up to $21 billion. Japan is providing the primary investment, while GlobalFoundries contributes its proprietary manufacturing technology and operational expertise. The state of New York is also backing the project with $570 million in incentives.
The initial phase involves an investment of approximately $10 billion, which is currently accelerating the development of the first fab. The facility is scheduled to begin operations in 2029. Following the completion of this stage, a second facility is planned with an additional investment of approximately $10 billion.
