GlobalFoundries plans New York fabs targeting 900,000 wafers a year

Top News · Reported · datacenterdynamics.com

GlobalFoundries is preparing to build and operate two new chip fabs at its Malta, New York, site under a $21 billion US-Japan initiative. The first site is permitted and shovel-ready, with construction expected to begin later this year.

Here's what is planned:

• The two facilities are expected to produce around 900,000 300mm wafers annually.
• Japan will fund the expansion, with an initial $10 billion for the first fab and a further $10 billion investment package planned for the second.
• GlobalFoundries will reallocate $995 million from its existing CHIPS and Science Act award to silicon photonics, silicon-germanium, and advanced packaging in Malta and Burlington, Vermont.

One catch: The first fab is expected to come online in 2029.

Sources: datacenterdynamics.com