GLOBALFOUNDRIES® (GF®) announced at an onsite event with Senate Majority Leader Chuck Schumer that it will relocate its headquarters to Malta, N.Y., the site of Fab 8, the company’s most advanced semiconductor manufacturing facility—as the company positions itself for growth, strengthens partnerships with customers and recruits new talent. This change is now in effect.
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, N.Y., alone.
The move from GF’s previous headquarters to its state-of-the-art fab in New York is part of the company’s commitment to address the soaring global chip demand, with a focus on semiconductor manufacturing innovation. GF will maintain a substantial presence in Santa Clara, Calif., 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. “As a native New Yorker, son of a NYC firefighter and manufacturer at heart, I am personally proud to be making upstate New York GF’s new headquarters. 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.”
Caulfield added, “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. 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. We can do this.”