The company said it would maintain a substantial presence in Santa Clara, California – its previous headquarters – as Silicon Valley is where many of the company's US customers and ecosystem partners are based. The company also operates a fab in Dresden, Germany.
"Today, GF's Fab 8 in New York is a $15bn advanced semiconductor manufacturing facility and one that is playing a key role in the transformation of our industry to meet rapidly accelerating demand, said Tom Caulfield, CEO of Globalfoundries, in a statement.
“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," he said.
Globalfoundries employs more than 15,000 globally with 7,000 people across the U.S., and nearly 3,000 at 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 US government and industry customers.
Related articles on Gloabalfoundries:
- GF moves to up-front payments for capacity
- GF plans to boost production
- LGF looks to US government co-investment
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