New York Gov. Kathy Hochul announced on Friday that semiconductor manufacturer GlobalFoundries will be creating a new center for advanced packaging and testing in Saratoga County. GlobalFoundries is seeking to expand capabilities within its existing Malta facility.The New York Advanced Packaging and Photonics Center will come following a $575 million investment from GlobalFoundries, with an additional $186 million going into research and development for its Malta facility. This investment is expected to add over 100 full-time jobs—building on the 2,500 workers already employed by GlobalFoundries in the Capital Region.“GlobalFoundries is a proven economic generator that shows just exactly how this industry can transform a region,” Gov. Hochul said. “Their continued growth and success are a boon to both the Capital Region and the state and attracts residents and businesses alike.”Hochul has pledged to focus on chip manufacturing in New York State, and in 2022, she signed the Green CHIPS legislation. Currently, the most advanced packaging takes place in Arizona and Texas. Landing a hub at the scale proposed by GlobalFoundries in Malta will drive opportunities for the region and state to continue growth in the globally competitive semiconductor industry.In the last two years, chip companies have announced over $112 billion in investments for New York—more than any other state. It’s expected that one in four U.S.-made chips will be produced within 350 miles of Upstate New York, according to the Governor’s office.
New York Gov. Kathy Hochul announced on Friday that semiconductor manufacturer GlobalFoundries will be creating a new center for advanced packaging and testing in Saratoga County. GlobalFoundries is seeking to expand capabilities within its existing Malta facility.
The New York Advanced Packaging and Photonics Center will come following a $575 million investment from GlobalFoundries, with an additional $186 million going into research and development for its Malta facility. This investment is expected to add over 100 full-time jobs—building on the 2,500 workers already employed by GlobalFoundries in the Capital Region.
“GlobalFoundries is a proven economic generator that shows just exactly how this industry can transform a region,” Gov. Hochul said. “Their continued growth and success are a boon to both the Capital Region and the state and attracts residents and businesses alike.”
Hochul has pledged to focus on chip manufacturing in New York State, and in 2022, she signed the Green CHIPS legislation.
Currently, the most advanced packaging takes place in Arizona and Texas. Landing a hub at the scale proposed by GlobalFoundries in Malta will drive opportunities for the region and state to continue growth in the globally competitive semiconductor industry.
In the last two years, chip companies have announced over $112 billion in investments for New York—more than any other state. It’s expected that one in four U.S.-made chips will be produced within 350 miles of Upstate New York, according to the Governor’s office.