GlobalFoundries Breaks Ground on $10 Billion Chip Plant in Malta, New York, Backed by $570 Million in State Support
New York Governor Kathy Hochul announced on November 13, 2026, that semiconductor maker GlobalFoundries has broken ground on a new $10 billion manufacturing plant in Malta, Saratoga County, the first phase of the company's $12.3 billion multi-phase expansion in New York.
The new plant, Fab 8.2, will include about 386,000 square feet of cleanroom space at the Luther Forest Technology Campus in Malta, next to the company's existing fab. The wider expansion also covers upgrades to the current plant and a new advanced packaging and photonics center. The project is expected to create more than 1,100 high-skilled manufacturing jobs and thousands of construction jobs.
New York State support totals $570 million: up to $535 million in performance-based Green CHIPS tax credits and $35 million in workforce and infrastructure grants. GlobalFoundries CEO Tim Breen and Empire State Development President Hope Knight joined the groundbreaking. The Governor's Office described the project as the first phase of a U.S.-Japan semiconductor initiative, with total campus investment potentially reaching $21 billion.
GlobalFoundries has committed $60 million in community investment, along with child care support, a project labor agreement and local supplier sourcing. The company said the new fab will produce chips for communications, automotive and data center applications.
Saratoga County has drawn a cluster of semiconductor firms and suppliers. The state's Green CHIPS program has been its main tool for attracting chip manufacturing, and the GlobalFoundries fab is among its largest projects; the company will announce construction and production timelines as work proceeds.
Source: Office of the Governor of New York
Published by GSM · USA (original Chinese edition)
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