GlobalFoundries to Operate Two New York Chip Fabs Under $21 Billion Japan-Led Plan
GlobalFoundries has been selected to supply technology and run two new 300-millimeter semiconductor plants at its Malta, New York site. The up to $21 billion framework would be financed by Japan under the U.S.-Japan trade agreement, with a government-backed special purpose vehicle owning the facilities and equipment. The first phase is ready for construction, with equipment installation targeted for 2028 and initial wafer production in 2029, while a decision on the second plant is expected by late 2028.
GlobalFoundries will contribute differentiated manufacturing technologies, oversee construction, and run the two planned 300-millimeter fabs at Malta, New York. A government-backed special-purpose vehicle, owned by the U.S. and Japanese governments, would finance and own the infrastructure and tooling. The first phase has permits and core infrastructure in place, with groundbreaking expected this quarter, equipment installation targeted for 2028, and initial wafers in 2029. A second-fab decision is due by late 2028.
Each phase could add roughly 900,000 300-millimeter-equivalent wafers annually. The facilities would use FDX, BCD, and UX platforms, with a minimum 20-year term. The company projects about 27,000 construction and ecosystem jobs plus over 1,000 high-skilled manufacturing roles. Technology fees are expected to start in 2027.
Count: First para: GlobalFoundries(1) will2 contribute3 differentiated4 manufacturing5 technologies6 oversee7 construction8 and9 run10 the11 two12 planned13 300-millimeter14 fabs15 at16 Malta17 New18 York19. A20 government-backed21 special-purpose22 vehicle23 owned24 by25 the26 U.S.27 and28 Japanese29 governments30 would31 finance32 and33 own34 the35 infrastructure36 and37 tooling38. The39 first40 phase41 has42 permits43 and44 core45 infrastructure46 in47 place48, with49 groundbreaking50 expected51 this52 quarter53, equipment54 installation55 targeted56 for57 202858, and59 initial60 wafers61 in62 202963. A64 second-fab65 decision66 is67 due68
... No extra. Need maybe no bullets. Good. Need ensure expanded total under 120. Let's revise expanded to avoid source phrasing. Draft: EXPANDED: GlobalFoundries would supply specialized process technologies, manage the build, and run the two planned 300-millimeter fabs at Malta, New York. A special-purpose entity backed by both governments would fund and hold the plant infrastructure and equipment. The first phase has cleared permitting and environmental reviews and has essential site infrastructure ready. Groundbreaking is expected this quarter, equipment installation is targeted for 2028, and initial wafers are planned for 2029. A second-fab decision is due by late 2028. Each phase could add roughly 900,000 300-millimeter-equivalent wafers annually. The facilities would use FDX, BCD, and UX platforms, with a minimum 20-year term. The company projects about 27,000 construction and ecosystem jobs plus over 1,000 high-skilled manufacturing roles. Technology fees are expected to star