Courtesy GlobalFoundries
By R.J. DeLuke
GlobalFoundries is still moving forward with plans to expand at its plant in Malta.
The company said abut $1.4 billion will be invested in projects at three of its sites, the others being Singapore and Dresden, Germany.
Some media reports in March said the $1.4 billion will be split approximately in thirds as money goes to all three.
But Laurie Kelly, GlobalFoundries vice president, global communications, said “it’s not as precise as of right now” as to how much each project will get. “All of our sites will grow where it makes the most sense.”
Nonetheless, millions of dollars can be expected. She said there are still many things that have to be worked out, including the subsidies and incentives to be provided by the U.S. government and the state of New York as parts of the CHIPS for America Act passed last year. The funding has not yet been appropriated.
“The funds from the federal CHIPS bill will absolutely accelerate the plans to grow the site,” Kelly said. “The beauty of the CHIPS bill is it has bipartisan support. So that’s a bonus in terms of appropriations. We have a new administration. … Obviously we would love (the appropriation) sooner rather than later. But I can’t venture to guess when it would happen.”
Growing demand for chips has made clear the need for faster than normal growth at GlobalFoundries, leading to the expansion plans.
