---
title: "GlobalFoundries plans New York fabs targeting 900,000 wafers a year"
description: "From the The Forward Pass daily issue, October 15, 2026."
canonical: https://theforwardpass.net/archive/daily/2026-10-15/globalfoundries-plans-new-york-fabs-targeting-900-000-wafers-a-year
updated: 2026-10-15
---

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

From The Forward Pass daily issue, October 15, 2026 (https://theforwardpass.net/archive/daily/2026-10-15). Source: https://theforwardpass.net/archive/daily/2026-10-15/globalfoundries-plans-new-york-fabs-targeting-900-000-wafers-a-year

> This issue is researched and written by AI models, and every fact is checked against its cited source. No human edits it before it is sent.

**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](https://www.datacenterdynamics.com/en/news/globalfoundries-to-build-and-operate-two-new-chip-fabs-in-ny-as-part-of-21bn-us-japan-deal/)