SCHUMER APPLAUDS GLOBALFOUNDRIES' NEW $3 BILLION ADDITIONAL INVESTMENT SPURRED BY HIS CHIPS & SCIENCE LAW, BRINGING TOTAL TO $16 BILLION FOR CAPITAL REGION PROJECT TO BECOME EPICENTER OF AMERICA’S SEMICONDUCTOR INDUSTRY
Schumer Has Fought For Years To Get GlobalFoundries To Expand Current Fab & Build New, State-Of-The-Art Second Manufacturing Facility In Malta, Delivering Whopping $1.5B Award From His Bipartisan CHIPS & Science Law Last Year To Finally Make Project A Reality
Now GlobalFoundries Is Investing $3B More In The Project, Further Expanding Advanced Packaging And R&D, Because Of The Foundation Schumer Laid To Strengthen American Semiconductor Leadership
Schumer: GlobalFoundries Is Doubling Down On The Capital Region With $3B More To Make Upstate NY America’s Semiconductor Epicenter
A longtime advocate for GlobalFoundries’ growth in the Capital Region, U.S. Senator Chuck Schumer today applauded GlobalFoundries’ announcement that it will invest an additional $3 billion to expand its first-of-its-kind chip packaging facility at its Saratoga County location, bringing its total investment to $16 billion in the Capital Region and the country thanks to his bipartisan CHIPS & Science Law.
“GlobalFoundries is writing the future of American chipmaking right here in the Capital Region. With this additional $3 billion investment, GlobalFoundries is making a whopping $16 billion investment spurred by my CHIPS & Science Law, and is doubling down on Upstate New York as America’s semiconductor epicenter,” said Senator Schumer. “Soon, America’s AI future, and the next generation of the top chips that power everything from cell phones to cars will be made in Upstate New York from start to finish! I worked for years to pass the CHIPS & Science Law, to deliver more than $1.5 billion in federal CHIPS investment for GlobalFoundries’ growth in Saratoga County, and continued announcements like this show that bet is paying off bigger than most thought possible. This is a win-win-win for GlobalFoundries, Upstate NY’s chip supply chain, and our national & economic security.”
“Today we continue to show our commitment to U.S. manufacturing by partnering with our customers to onshore critical components of the supply chain needed for datacenters, communications infrastructure, AI edge devices and more,” said Dr. Thomas Caulfield, Executive Chairman of GlobalFoundries. “Thanks to the leadership of Senator Schumer and the New York Delegation, New York has become a world class ecosystem for semiconductor manufacturing and R&D. Today’s investment will reestablish secure, domestic supply chains for critical technologies and continue to bring high-paying manufacturing jobs to Upstate New York.”
GlobalFoundries is committing an additional $3 billion on advanced research and development initiatives focused on packaging innovation, silicon photonics, and next-generation GaN technologies. With the $16 billion total investment now being made, GlobalFoundries aims to collaborate with major tech companies like Apple, AMD, and General Motors to strengthen American semiconductor leadership by producing American-made chips and advancing AI, aerospace, automotive, and high-performance communication innovation.
Schumer has worked for years to help GlobalFoundries expand and delivered historic investments from his bipartisan CHIPS & Science Law for GlobalFoundries and the Capital Region. Last year, Schumer secured $1.5 billion in CHIPS funding to support the expansion of GlobalFoundries’ existing fab in Malta, NY, and the construction of a second, state-of-the-art fab at the same site. Schumer later secured an additional $75 million in CHIPS funding for GlobalFoundries to create a first-of-its-kind advanced chips packaging and testing center. The new center will help GlobalFoundries increase production while bolstering national security by creating a secure facility to package, test, and manufacture semiconductors to support defense applications, AI, and high-performance computing, among other key industries. Together, these investments are expected to create thousands of good-paying manufacturing and union construction jobs in the Capital Region.
On top of the investments Schumer has secured for GlobalFoundries, the senator additionally delivered a historic $825 million in CHIPS funding to make Albany NanoTech the first flagship facility of the National Semiconductor Technology Center (NSTC). The NSTC is a critical part of Schumer’s mission of re-establishing America’s leadership in the semiconductor industry and will bring together industry leaders, researchers from the nation’s top universities, innovators, workers, and entrepreneurs in the Capital Region to give them access to the most advanced chip making machinery in the world and drive the next frontier of chip innovation and manufacturing.
Currently, there are only four companies outside of China that provide current and mature foundry capabilities at the scale of GlobalFoundries, and GlobalFoundries is the only one of those companies that is headquartered in the United States. GlobalFoundries, a Trusted Foundry for the Department of Defense, is a key supplier of chips for America’s national defense, with strong partnerships with major defense contractors like Lockheed Martin. GlobalFoundries also supplies chips to America’s auto industry with partnerships in place with companies like General Motors, which saw severe shortages of chips during the pandemic, leading to increased prices for cars. Thanks to the investment Schumer has secured, GlobalFoundries is expanding its current fab focused on automotive chips to help meet soaring demand for chips in cars and get ahead of future supply chain challenges.
GlobalFoundries is a leading producer of essential chips that are critical across industries, from mobile phones and artificial intelligence to automobiles and defense technologies. Growth in AI is driving demand for the chips GlobalFoundries produces. The silicon photonics chips this new Center will produce are also in demand in the automotive, communications, radar, and other critical industries. The New York Advanced Packaging and Photonics Center will offer advanced packaging, assembly, and testing, allowing the company to more easily transform chips into individual packages ready for end-product use entirely in the United States. The Center’s new production capabilities will help onshore advanced packaging, which mostly takes place in Asia today, while further boosting GlobalFoundries' production capacity.
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