The US and Japanese governments agreed to implement a semiconductor manufacturing project in Malta, New York State, under the Strategic Investment Initiative. GlobalFoundries will operate the production facilities, with total investment initially estimated at approximately $10 billion and potentially expanding to approximately $21 billion in the future.
The Japanese and US governments agreed to implement a semiconductor manufacturing project in New York State under the Strategic Investment Initiative. The total project cost is initially approximately $10 billion and could expand to approximately $21 billion including future expansion. GlobalFoundries is expected to operate the production facilities.
GlobalFoundries plans to build 2 plants in Malta, New York State, first investing approximately $10 billion to bring 1 plant into operation in 2029. When expanded in the future, the site is expected to have 2 plants of comparable scale, with average annual production of approximately 900,000 300mm wafers.
The project is expected to create approximately 27,000 jobs in construction and manufacturing-related fields, including approximately 1,000 highly skilled manufacturing jobs. According to announcements by the US and Japanese ministries responsible for economic affairs and industry, several Japanese companies have expressed interest in supplying equipment and materials and purchasing semiconductors.