New York Governor Kathy Hochul on Friday celebrated the groundbreaking of a $10 billion GlobalFoundries semiconductor manufacturing facility in Saratoga County. The new plant in Malta is part of a broader $12.3 billion expansion that includes upgrades to existing facilities and a new packaging and photonics center, the governor’s office said.
The state estimates the expansion will create more than 1,100 manufacturing jobs and support thousands of construction jobs. The increased capacity is intended to meet rising demand for United States-made chips in the automotive, artificial intelligence and aerospace sectors, according to the announcement.
New York is supporting the project with $535 million in performance-based Green CHIPS tax credits and $35 million in grants for workforce development and public infrastructure. GlobalFoundries committed to $60 million in community investments, providing employee childcare, and using a project labor agreement for construction.
The project represents the first phase of a joint initiative between the U.S. and Japan to eventually invest up to $21 billion at the Malta campus, the governor’s office said. The new fabrication plant, called Fab 8.2, will feature approximately 386,000 square feet of cleanroom space.