Governor Kathy Hochul announced that GlobalFoundries will invest $575 million to establish the New York Advanced Packaging and Photonics Center at its Malta facility, enhancing the state’s position as a semiconductor manufacturing leader. The project will create 102 new full-time jobs over the next five years and further expand GlobalFoundries’ capabilities in advanced chip packaging, an essential part of semiconductor production.
The initiative also includes $186 million in research and development funding over the next decade and marks a significant milestone for the Capital Region. This facility will bolster domestic chipmaking capacity and support industries like AI, aerospace, and defense.
“GlobalFoundries is a proven economic generator that showcases how this industry transforms regions,” Governor Hochul said. “Their expansion into advanced packaging is great news for New York, and I am grateful for the federal support that ensures we remain competitive in the 21st-century economy.”
Dr. Thomas Caulfield, President and CEO of GlobalFoundries, emphasized the center’s strategic importance, describing it as a direct response to global demand for geodiverse supply chains and cutting-edge packaging solutions.
The $575 million investment is supported by $20 million in state funding and $75 million in federal CHIPS Act funding. GlobalFoundries’ Malta facility, already a leader in semiconductor production, has received over $15 billion in investments and produces 400,000 wafers annually. With Trusted Foundry accreditation, the site is a key partner in secure chip manufacturing for the U.S. government.
Senator Charles Schumer praised the project, noting that it would reduce reliance on foreign-made chips and enhance national security. “This new facility ensures semiconductors are securely manufactured and tested entirely in the U.S.,” Schumer said. “It’s a win for our economy and national defense.”
GlobalFoundries’ expansion aligns with New York’s broader strategy to position itself as a semiconductor hub. Under Governor Hochul’s leadership, initiatives like the Green CHIPS legislation and the Governor’s Office of Semiconductor Expansion have driven more than $112 billion in private investments over the past two years. Upstate New York now accounts for a quarter of U.S.-made chips, underscoring the region’s growing dominance in the industry.
The advanced packaging hub in Malta, a first for the state, will enable the Capital Region to attract further investments and innovation in semiconductor technology. The announcement reflects New York’s commitment to strengthening its economy through high-tech manufacturing and cutting-edge research.
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