GloFo HQ moves to Semiconductor manufacturing facility
GLOBALFOUNDRIES (GF) is relocating its headquarters to Malta, New York, the site of Fab 8, its most advanced semiconductor manufacturing facility, as the company positions itself for growth, strengthens partnerships with customers and recruits new talent.
GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is looking to double its planned investment to expand global capacity, with $500 million targeted for Malta, NY alone.
The move from GF’s previous headquarters to its state-of-the-art fab in New York is part of the company’s commitment to address the soaring global chip demand, with a focus on semiconductor manufacturing innovation. GF will maintain a substantial presence in Santa Clara, California, in the heart of Silicon Valley, where many of GF’s leading U.S. customers and ecosystem partners are based.
“I would like to thank Senator Schumer for his steadfast support for GF over the years and his tireless leadership in forging a bipartisan coalition in Congress that together with the Administration fully appreciates the need for a secure and resilient domestic semiconductor supply chain,” said GloFo CEO Tom Caufield, “the time for the Endless Frontier Act is now, and once approved by Congress and signed into law by President Biden, GF stands ready to do our part by expanding in upstate New York and creating many more high-paying American jobs. Our ambitious goal is to double our capacity at this site in the years to come in partnership with our customers, local, state and federal governments.”
GF company currently employs more than 15,000 globally with 7,000 people across the US, and nearly 3,000 at its Fab 8 in Malta, New York. In 2020, GF announced a land purchase option to provide additional flexibility to expand Fab 8’s footprint to support growing demand from the U.S. government and industry customers.