Why it matters
The semiconductors context.
Semiconductor fabs are among the most capital-intensive industrial facilities ever built — typically $10–$30B per leading-edge plant — and they take 3–5 years from groundbreaking to first wafer. The CHIPS & Science Act of 2022 catalyzed a US fab-construction cycle not seen in a generation, reversing decades of offshore concentration in Taiwan, South Korea, and China. Projects of this scale anchor regional economies for 30+ years and pull tens of thousands of supply-chain jobs alongside direct employment.
Project record
At a glance
- Company
- GlobalFoundries
- Industry
- Semiconductors
- Location
- Malta, New York
- Investment
- $8.00B
- Expected jobs
- 1,500
- Status
- Planning
- Announced
- Sep 25, 2023
- Expected opening
- Jan 1, 2027
- Added to tracker
- Apr 15, 2025
Sources
Official references
- Primary source https://investors.gf.com/news-releases
Related
Other projects to know
In New York
Across Semiconductors
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