GlobalFoundries gets $1.5B for Malta, NY, plant, Vermont to benefit
A semiconductor chip is assembled in the University of Vermont's Device Characterization Lab, unveiled in October 2023 as a cooperative effort between UVM, GlobalFoundries and other partners. Photo courtesy UVM
The US Department of Commerce announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.
“The first and largest 200mm semiconductor manufacturing facility of its kind in the US, GF’s Vermont fab is a cornerstone of the state’s economy and a key partner for the University of Vermont’s (UVM) work as a national research university. CHIPS funding will help ensure the commercial viability of this site for years to come,” said Kirk Dombrowski, Vice President for Research and Economic Development at UVM and Vermont NSF EPSCoR Director.
New York-headquartered GF, celebrating its 15th year of operations, is the only U.S.-based pure play foundry with a global manufacturing footprint including facilities in the U.S., Europe, and Singapore. GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security.
This investment will help GF to expand and create new manufacturing capacity at their Essex Junction, Vermont facility to increase their capabilities to securely produce more essential chips for automotive, internet, aerospace, defense and other vital markets in Vermont. The funding will also enable GF to update its Vermont facility.