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GlobalFoundries Commits $16B to Reshore Essential Chip Manufacturing
GlobalFoundries, working with the Trump Administration and with support from leading technology companies aiming to onshore critical components of their supply chain, said Wednesday it plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging capabilities across its facilities in New York and Vermont.
The company said its investment is a strategic response to the explosive growth in artificial intelligence, which is accelerating demand for next-generation semiconductors designed for power efficiency and high-bandwidth performance across data centers, communications infrastructure and AI-enabled devices.
The Malta, NY-based company is collaborating with Apple, SpaceX, AMD, Qualcomm Technologies, Inc., NXP and GM, all committed to reshoring semiconductor production to the U.S. and diversifying their global supply chains. “At GlobalFoundries, we are proud to partner with pioneering technology leaders to manufacture their chips in the United States—advancing innovation while strengthening economic and supply chain resiliency,” said Tim Breen, CEO of GlobalFoundries.
- ◦Development
- ◦Financing
