GlobalFoundries

Project facts

Decision / announcement date

2026-10-14

Date precision

day

Sector

Semiconductors & Electronics

Facility action

Expansion

Facility type

Semiconductor fabs (two new 300mm fabs on existing Malta campus)

Project status

Announced

Figures & qualifications

Capital category

Planned

Capital scope

site

Jobs basis

CAPITAL SOURCE: Public (government-financed; not private capex). Counted at ~$10B for the first fab only ('initial investment of approximately $10 billion'). Second fab (~$10B, 'would fund') and the up-to-$21B total are proposed and excluded. Japan provides the funding; SIA statement says the facilities will be 'jointly owned by the U.S. and Japan and operated by GlobalFoundries'; the GlobalFoundries release itself does not state ownership. GlobalFoundries is operator and technology provider, not capital investor. Jobs left blank: release says 'more than 1,000 high-skilled manufacturing jobs' without stating direct/permanent; ~27,000 construction/ecosystem jobs never counted. Commerce ~4% equity stake in GF and the $955M CHIPS reallocation are separate and not counted. County not stated in source, not shown.

An initial investment of approximately $10 billion will finance a new semiconductor fabrication facility operated by GlobalFoundries at its Malta, New York campus. Funding comes from Japan under a bilateral government investment initiative, and the Semiconductor Industry Association says the facilities will be jointly owned by the U.S. and Japan. GlobalFoundries is providing technology and operational expertise rather than financing construction. A second fab, also about $10 billion, is proposed and not counted here.