GlobalFoundries has finalized an agreement for up to $375 million in federal funding to launch Quantum Technology Solutions, a new business focused on technology used in large-scale quantum computers.
U.S. Sen. Chuck Schumer said the Commerce Department award, funded through the CHIPS and Science Act, will expand domestic manufacturing and strengthen the company's operations in New York's Capital Region.
Schumer said the investment will help position the United States in the next generation of quantum technology while building on Upstate New York's semiconductor manufacturing base. GlobalFoundries operates a major chipmaking site in Malta, Saratoga County.
The company is also a partner in a separate award of up to $100 million to Quantinuum, which Schumer said will bring additional federal investment and jobs to the Capital Region. Another quantum company, PsiQuantum, finalized an award of up to $100 million and has worked with GlobalFoundries on photonic quantum technology.
Schumer previously secured $25 million in 2022 for research and development led from the Air Force Research Laboratory in Rome. That work involves manufacturing and testing photonic quantum-computing technology.
GlobalFoundries produces chips used in mobile phones, artificial intelligence, vehicles and defense technology. Its chips also support quantum systems, which rely on specialized hardware to carry out computations.
The company previously received up to $1.5 billion in direct CHIPS funding to expand its existing Malta fabrication plant, build a second plant at the site and modernize a facility in Vermont. Schumer said those projects are expected to create thousands of manufacturing and construction jobs.
GlobalFoundries later secured another $75 million in CHIPS funding tied to a planned $3 billion advanced-packaging facility at its Saratoga County campus.
Schumer said the new quantum awards are part of a wider technology-manufacturing expansion across Upstate New York. Micron has begun work on a planned investment exceeding $100 billion in Central New York with support from a federal agreement worth more than $6 billion.
Other projects cited by Schumer include a $315 million Corning investment in specialized glass production in Canton, a more than $300 million Edwards Vacuum facility, and TTM Technologies' planned $130 million expansion in Onondaga County.
In Tompkins County, Menlo Micro plans to invest $150 million in a microchip-switch manufacturing facility expected to create more than 100 jobs. The company is among several Upstate projects receiving federal support under the CHIPS law.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to news@fingerlakes1.com.