GlobalFoundries to invest $16B to expand manufacturing in New York, Vermont

GlobalFoundries (GFS) plans to invest $16B to expand its semiconductor manufacturing and advanced packaging capabilities across its facilities in New York and Vermont. GF’s investment is a strategic response to the explosive growth in artificial intelligence, which is accelerating demand for next-generation semiconductors designed for power efficiency and high-bandwidth performance across datacenters, communications infrastructure and AI-enabled devices. GF is collaborating with major technology companies such as Apple, SpaceX, AMD, Qualcomm Technologies, Inc., NXP and GM, that are committed to reshoring semiconductor production to the U.S. and diversifying their global supply chains. These companies partner with GF to support their production of U.S.-made chips, underscoring GF’s role as a trusted supplier of essential semiconductors and a key enabler of supply chain security. GF’s investment builds upon the company’s existing U.S. expansion plans, including more than $13B to expand and modernize its New York and Vermont facilities and funding for its recently launched New York Advanced Packaging and Photonics Center, the first U.S.-based facility of its kind dedicated to silicon photonics packaging. GF is committing an additional $3B, which includes advanced research and development initiatives focused on packaging innovation, silicon photonics and next-generation GaN technologies. In aggregate, these investments represent a $16B plan to strengthen U.S. semiconductor leadership and accelerate innovation in AI, aerospace, automotive and high-performance communications.