{"id":36015,"date":"2021-03-16T18:39:34","date_gmt":"2021-03-16T22:39:34","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=36015"},"modified":"2021-03-16T18:44:12","modified_gmt":"2021-03-16T22:44:12","slug":"globalfoundries-eyes-investing-millions-to-expand-operations-at-its-chip-plant-in-malta","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/03\/globalfoundries-eyes-investing-millions-to-expand-operations-at-its-chip-plant-in-malta\/","title":{"rendered":"GlobalFoundries Eyes Investing Millions To Expand Operations At Its Chip Plant In Malta"},"content":{"rendered":"
\"\"
These machines at the GlobalFoundries plant in Malta are part of the multimillion investment made to create the original plant. The company is eyeing more expansion within the building.
Courtesy GlobalFoundries<\/figcaption><\/figure>\n

By R.J. DeLuke<\/p>\n

GlobalFoundries is still moving forward with plans to expand at its plant in Malta. <\/span><\/p>\n

The company said abut $1.4 billion will be invested in projects at three of its sites, the others being Singapore and Dresden, Germany.<\/span><\/p>\n

Some media reports in March said the $1.4 billion will be split approximately in thirds as money goes to all three.<\/span><\/p>\n

But Laurie Kelly, GlobalFoundries vice president, global communications, said \u201cit\u2019s not as precise as of right now\u201d as to how much each project will get. \u201cAll of our sites will grow where it makes the most sense.\u201d<\/span><\/p>\n

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.<\/span><\/p>\n

\u201cThe funds from the federal CHIPS bill will absolutely accelerate the plans to grow the site,\u201d\u00a0 <\/span>Kelly said. \u201cThe beauty of the CHIPS bill is it has bipartisan support. So that\u2019s a bonus in terms of appropriations. We have a new administration.\u00a0 <\/span>\u2026 Obviously we would love (the appropriation)\u00a0 <\/span>sooner rather than later. But I can\u2019t venture to guess when it would happen.\u201d<\/span><\/p>\n

Growing demand for chips has made clear the need for faster than normal growth at GlobalFoundries, leading to the expansion plans. <\/span><\/p>\n

In June of last year, the company secured a purchase option agreement for approximately 66 acres of undeveloped land adjacent to the Fab 8 Malta facility. The parcel is located at the southeast end of the New York State Energy Research and Development Authority (NYSERDA) Saratoga Technology + Energy Park (STEP) campus, adjacent to Stonebreak Road Extension.<\/span><\/p>\n

If the company decides to exercise the option to purchase the land for development, it would be subject to zoning regulations and client demand.<\/span><\/p>\n

There exists within the current facility a vast space that is vacant. It was built with the possibility of future expansion in mind.<\/span><\/p>\n

\u201cThere is still opportunity for us to grow within that existing amazing site,\u201d said Kelly, and some of the planned expansion will be in that already-existing space.<\/span><\/p>\n

She said that throughout the COVID lockdown and the added safety procedures required, GlobalFoundries, as an essential business, has been \u201crunning fullsteam ahead\u201d with no difficulties requiring major quarantine. <\/span><\/p>\n

\u201cKeeping our employees safe is our number-one priority. Then meeting all this exploding demand is number two \u2026 With all safety measures, and we\u2019ve been able to do that,\u201d Kelly said.<\/span><\/p>\n

GlobalFoundries expects to raise around a third of $1.4 billion from its customers that will pre-pay to guarantee supply over the following years, according to the company.<\/span><\/p>\n

Regarding financial incentives provided to the company when it located in Malta, Kelly said GlobalFoundries looks at it more as \u201cco-investment.\u201d <\/span><\/p>\n

When $15 billion was put into\u00a0 <\/span>U.S. operations\u00a0 <\/span>some 12 years ago,\u00a0 <\/span>\u201cNew York\u00a0 <\/span>co-invested and received an incredible return on their investment … We\u2019ve had excellent support, but a little less so at the federal level. And now, the federal government recognizes the strategic value of manufacturing chips in the U.S.\u201d<\/span><\/p>\n

Fab 8 in Malta recently received ITAR certification for U.S. Department of Defense\u00a0 <\/span>production on its 45nm process, expanding GlobalFoundries\u2019 value as a home-grown chip manufacturer to the\u00a0 <\/span>government.<\/span><\/p>\n

GlobalFoundries officials said the local plant is the company\u2019s most advanced semiconductor manufacturing facility. These semiconductor chips will be used in some of the Department of Defense\u2019s most sensitive applications for land, air, sea, and space systems, officials said in a new release.<\/span><\/p>\n

Under the agreement, GlobalFoundries will provide a supply of chips built at Fab 8 on its differentiated 45nm SOI platform. The new supply agreement builds upon the longstanding partnership between the Department of Defense and GlobalFoundries to provide chips for defense, aerospace, and other sensitive applications. <\/span><\/p>\n

\u201cGlobalFoundries is a critical part of a domestic semiconductor manufacturing industry that is a requirement for our national security and economic competitiveness,\u201d said U.S. Sen. Chuck Schumer, who helped pass new federal semiconductor manufacturing incentives in last year\u2019s National Defense Authorization Act (NDAA).<\/span><\/p>\n

\u201cI have long advocated for GlobalFoundries as a key supplier of chips to our military and intelligence community, including pressing the new Secretary of Defense, Lloyd Austin, to further expand the Department of Defense\u2019s business with GlobalFoundries, which will help expand their manufacturing operations and create even more jobs in Malta.\u201d<\/span><\/p>\n

\u201cWe are proud to strengthen our longstanding partnership with the U.S. government, and extend this collaboration to produce a new supply of these important chips at our most advanced facility, Fab 8, in upstate New York,\u201d said Tom Caulfield, CEO of GlobalFoundries. \u201cWe are taking action and doing our part to ensure America has the manufacturing capability it needs, to meet the growing demand for U.S. made, advanced semiconductor chips for the nation\u2019s most sensitive defense and aerospace applications.\u201d<\/span><\/p>\n

The first chips from this new agreement are targeted to begin delivery in 2023.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":89,"featured_media":36016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nGlobalFoundries Eyes Investing Millions To Expand Operations At Its Chip Plant In Malta - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/03\/globalfoundries-eyes-investing-millions-to-expand-operations-at-its-chip-plant-in-malta\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"GlobalFoundries Eyes Investing Millions To Expand Operations At Its Chip Plant In Malta - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"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. 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