GlobalFoundries Breaks Ground on New Semiconductor Fab in Malta

MALTA, N.Y., Nov. 13, 2026 /CourierPR/ -- GlobalFoundries, a leading manufacturer of essential semiconductors, has broken ground on the first new semiconductor manufacturing facility planned for its Malta, New York, site under a landmark U.S.-Japan initiative. The groundbreaking marks the start of construction on a new 300mm fab and a first-of-its-kind model that brings together Japanese investment with GlobalFoundries’ technology and manufacturing expertise.

This initiative follows GlobalFoundries’ 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 GlobalFoundries will contribute its differentiated technologies, manufacturing expertise, and proven operational capabilities. An initial investment of approximately $10 billion, supported with $570 million in incentives from New York State, is accelerating construction of the first fab, which is expected to come online in 2029. An additional investment of approximately $10 billion will support a second fab as the project advances.

When fully operational, the first fab is expected to add approximately 900,000 300mm wafers of annual U.S. manufacturing capacity, with a second fab adding approximately the same amount. The new capacity will expand GlobalFoundries’ ability to support customers worldwide with foundational semiconductors for automotive, industrial, and connected infrastructure applications.

The two-fab initiative is expected to create about 27,000 construction and ecosystem jobs and more than 1,000 high-skilled manufacturing jobs in New York’s Capital Region. GlobalFoundries is working with schools, colleges, universities, and workforce development organizations to build the next generation of semiconductor talent needed to support the region’s continued growth.

The groundbreaking event was attended by U.S. and Japanese government officials, state and local leaders, customers, partners, employees, and community members. The Malta site is one of the nation’s most advanced semiconductor manufacturing sites, and the new capacity will support growing demand across automotive, industrial, and connected infrastructure markets.