New York Gov. Kathy Hochul celebrated the groundbreaking of a $10 billion GlobalFoundries semiconductor manufacturing facility in Malta on Nov. 13, 2026. The project in Saratoga County is supported by a $570 million investment from New York State, according to the governor’s office.
The governor’s office said the project will create more than 1,000 new manufacturing jobs and support thousands of construction and industry-related jobs in the Capital Region.
The new manufacturing facility is part of a broader $12.3 billion multi-phase expansion in the state, the governor’s office said. The expansion plan includes upgrades to existing GlobalFoundries facilities as well as a new Advanced Packaging and Photonics Center.
Hochul called the $10 billion expansion a “huge point of pride” for the state. During the groundbreaking event, she praised the state’s manufacturing legacy and workforce, and said she will continue working with the state legislature to expand the Green CHIPS and Science Act.