US EditionGlobalFoundries Commits $16B To US Chip Expansion - GLOBALFOUNDRIES (NASDAQ:GFS)
- GlobalFoundries announced on Wednesday a $16 billion investment to expand semiconductor manufacturing and packaging in New York and Vermont.
- This expansion follows prior plans including $13 billion for facility growth and $3 billion for R&D, driven by increasing AI hardware demand and supported by CHIPS Act funding.
- The company collaborates with major firms like Apple, SpaceX, AMD, and Qualcomm to reshore production and diversify supply chains amid potential US tariffs on foreign chips.
- GlobalFoundries CEO Tim Breen emphasized that advancements in AI are significantly increasing the need for the company's silicon photonics, gallium nitride, and advanced packaging solutions, which are critical for supporting the next generation of data centers.
- The investment aims to strengthen domestic chipmaking, support next-generation data centers and edge devices, and enhance supply chain resilience in the US semiconductor industry.
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Syracuse NYReposted by 
New York Upstate
New York UpstateGlobalFoundries to spend $3 billion more on AI efforts in Upstate NY, Vermont
The spending will be on top of $13 billion committed last year under the CHIPS Act.
·Syracuse, United States
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Trump ‘reshoring’ praised in GlobalFoundries $16 billion AI tech expansion - Vermont Daily Chronicle
by Guy PageIn a sweeping move to bolster domestic semiconductor manufacturing and meet surging global demand for AI-enabling technologies, GlobalFoundries announced June 4 a $16 billion investment to expand its chip production and advanced packaging capabilities across its facilities in Essex Junction and New York.The Essex Junction facility, formerly owned by IBM, employs about 1,800 people. In March 2024, Global Foundries also received $1.5 bi…
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