GLOBALFOUNDRIES Relocates-Plans Malta, New York, Headquarters
As the company positions itself for growth, strengthens partnerships with customers and recruits new talent, 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 alone.
According to company officials, 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, California, in the heart of Silicon Valley, where many of GF’s leading U.S. customers and ecosystem partners are based.
“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.”
GF company employs more than 15,000 globally with 7,000 people across the U.S., and nearly 3,000 at its Fab 8 in Malta, New York. In 2020, GF announced a land purchase option to provide additional flexibility to expand Fab 8’s footprint to support growing demand from the U.S. government and industry customers.
“GlobalFoundries’ transition of its headquarters to Fab 8 in Malta is further indication of the company’s commitment to growth in New York and to the Empire State’s leadership in the semiconductor industry,” said Senate Majority Leader Chuck Schumer, who successfully passed into law new federal semiconductor manufacturing and R&D incentives in last year’s National Defense Authorization Act (NDAA). “The chips that GlobalFoundries manufactures here in Malta are critical to our national security and to our economic competitiveness across key industries. I have worked closely with GlobalFoundries over the years to look for opportunities to expand their presence in New York and I am now pushing to secure the federal funds necessary to implement programs we passed into law last year to support further expansion of domestic chip production by companies like GlobalFoundries, accelerating even more growth in the semiconductor industry across Upstate New York.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Latest Trends in the Industrial Real Estate Sector Here to Stay
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Challenges Facing the Auto Industry Post-Pandemic
2021 Auto/Aero Site Guide
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans