GLOBALFOUNDRIES Moves Corporate Headquarters to its Most Advanced Semiconductor Manufacturing Facility in New York

Employees at GlobalFoundries in Malta take a photo in the shape of a 10 to celebrate the 10th anniversary of Fab 8

April 26, 2021 – GLOBALFOUNDRIES, the global leader in feature-rich semiconductor manufacturing, announced with Senate Majority Leader Chuck Schumer that it will relocate its headquarters to Malta, New York, the site of Fab 8, the company’s most advanced semiconductor manufacturing facility — as the company positions itself for growth, strengthens partnerships with customers and recruits new talent. This change is effective today.

GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is doubling its planned investment to expand global capacity, with $500 million targeted for Malta, NY alone.

The move from GF’s previous headquarters to its state-of-the-art fab in New York is part of the company’s commitment to address the soaring global chip demand, with a focus on semiconductor manufacturing innovation. GF will maintain a substantial presence in Santa Clara, California, in the heart of Silicon Valley, where many of GF’s leading U.S. customers and ecosystem partners are based.

“GLOBALFOUNDRIES announcement that it will relocate its global headquarters to Malta, New York, the site of Fab 8, the company’s most advanced semiconductor manufacturing facility is great news for Saratoga County and Upstate, New York and further solidifies our regional leadership as a high-tech hub,” said Shelby Schneider, President of the Saratoga County Prosperity Partnership.

“The investment that Saratoga County and New York State made in laying the groundwork to attract GLOBALFOUNDRIES has paid significant dividends in over 3,000 high paying jobs and over $15B in capital investment to support innovation and manufacturing capacity.” Schneider remarked, “We are so encouraged to see Senate Majority Leader Charles Schumer promote federal investment in new domestic manufacturing capacity with Endless Frontiers Act. This legislation can provide up to $50 billion to support expansion of research and manufacturing for the semiconductor industry, which could facilitate the expansion of GLOBALFOUNDRIES and bring new jobs and investment to Saratoga County. We thank Senator Schumer for his leadership and look forward to more good news in the future.”

CLICK HERE FOR GLOBALFOUNDRIES ANNOUNCEMENT
CLICK HERE FOR SENATOR SCHUMER PRESS RELEASE

MEDIA COVERAGE

GlobalFoundries wants to build more as headquarters move to Saratoga County, WNYT, 4.26.21
Schumer: GlobalFoundries moving corporate HQ to Saratoga County, WTEN, 4.26.21
GlobalFoundries moving world headquarters to Malta; Company hints at 2nd chip plant if fed support offered, Daily Gazette. 4.26.21
GlobalFoundries moves headquarters from Silicon Valley to Malta, Saratogian, 4.26.21