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GlobalFoundries Announces New York Advanced Packaging and Photonics Center - GLOBALFOUNDRIES (NASDAQ:GFS)

  • GlobalFoundries announced plans to create a new center for advanced packaging and testing of U.S.-made essential chips in New York.
  • The center will be supported by investments from New York State and the U.S. Department of Commerce totaling $95 million.
  • The overall investment in the center is expected to be $575 million, creating approximately 100 new jobs in New York over five years.
  • Dr. Thomas Caulfield stated that the center will respond to customer demands for geodiversity in supply chains and advanced packaging solutions.
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