With $8 billion in facility-specific investment and 1,500 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →The semiconductors context.
Semiconductor fabrication plants, known as fabs, rank among the most capital-intensive industrial facilities ever built—often requiring $10–$30 billion and several years from groundbreaking to initial production. The CHIPS and Science Act of 2022 accelerated a U.S. construction cycle spanning advanced chip fabrication, legacy-node production, semiconductor equipment, packaging, and critical materials. These projects create long-term manufacturing footprints while attracting suppliers, infrastructure investment, and specialized technical work.
At a glance
- Company
- GlobalFoundries
- Industry
- Semiconductors
- Location
- Malta, New York
- Investment
- $8.00B
- Permanent jobs announced
- 1,500
- Status
- Planning
- Announced
- Sep 25, 2023
- Expected opening
- Jan 1, 2027
- Added to tracker
- Apr 15, 2025
Official references
- Primary source https://gf.com/news-and-events/news/globalfoundries-and-u-s-department-of-commerce-announce-award-agreement-on-chips-act-funding-for-essential-chip-manufacturing/