(PR) GlobalFoundries Breaks Ground on First New Semiconductor Fab Under Landmark U.S.-Japan Initiative

What happened

GlobalFoundries (Nasdaq: GFS) broke ground on a new semiconductor manufacturing facility at its Malta, New York site — the first new semiconductor manufacturing facility to break ground under a landmark U.S.-Japan initiative — marking the start of construction on a new 300 mm fab. The groundbreaking follows GF's Oct. 14 announcement that it was selected as the technology provider and operator for two new fabs at its Malta site under a U.S.-Japan initiative providing up to $21 billion in funding; Japan will provide the investment, while GF will contribute its differentiated technologies, manufacturing expertise and proven operational capabilities. The first fab is being accelerated by an initial investment of approximately $10 billion, supported with $570 million in incentives from New York State, and is expected to come online in 2029; an additional investment of approximately $10 billion will support a second fab as the project advances. The project aims to expand trusted U.S. semiconductor capacity and support growing demand across automotive, industrial and connected infrastructure markets.

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Source and time

Source: TechPowerUp · 11/13/2026 · View original source