GlobalFoundries Announces $16B Investment to Expand US Chip Manufacturing

GlobalFoundries Inc., the largest U.S.-based producer of made-to-order semiconductor chips, has unveiled a $16 billion investment plan aimed at bolstering domestic manufacturing capacity and advancing chip technology. The MOVE aligns with broader efforts to enhance technological self-reliance and reshore critical industries.

The bulk of the investment, $13 billion, will expand existing plants in Malta, New York, and Essex Junction, Vermont. An additional $3 billion will fund U.S.-based R&D, focusing on advanced packaging and next-generation technologies like optical components and gallium nitride power chips.

"Supply security matters," emphasized CEO Tim Breen, noting increased demand for U.S. production as customers seek to diversify supply chains. The commitment marks a significant ramp-up from the company's recent annual capital expenditures of $1.4 billion.