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GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative

Globe Newswire•14/10/2026•08:30 ET
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Key Highlights

  • ➤GlobalFoundries selected to operate two new Malta fabs under U.S.-Japan initiative
  • ➤Initial investment approximately $10 billion; first 300mm fab expected online in 2029
  • ➤Second approximately $10 billion investment would fund another fab
  • ➤CHIPS award amended to reallocate $955 million toward photonics, SiGe, packaging
  • ➤Commerce Department to receive approximately four percent equity stake in GF
  • ➤Project expected to create 27,000 construction and ecosystem jobs plus 1,000 manufacturing jobs

Expert Statements

Tim Breen, CEO of GlobalFoundries

“This is a bold new initiative for semiconductor manufacturing, bringing together the United States and Japan with GF’s differentiated technology and decades of manufacturing expertise to accelerate trusted capacity in New York”

Tim Breen, CEO of GlobalFoundries

“GF was selected because fabs of this scale require more than capital. They require differentiated technology, operational excellence and a proven ability to execute. That combination is what positions GF to make this first-of-its-kind initiative a success.”

Howard Lutnick, Secretary of Commerce

“President Trump’s historic U.S.-Japan Trade Deal is delivering another massive manufacturing investment into America”

Howard Lutnick, Secretary of Commerce

“With Japan’s investment funding and GlobalFoundries’ partnership, two large semiconductor chip manufacturing facilities will be built in the U.S., creating thousands of high-paying jobs for American workers.”

Howard Lutnick, Secretary of Commerce

“This is how the President’s trade agreements result in transformational American industrial assets that strengthen our national and economic security.”

Kathy Hochul, Governor of New York

“GlobalFoundries’ expansion in Malta is a tremendous vote of confidence in New York’s world-class workforce, innovation ecosystem and the Capital Region’s growing role as a global hub for semiconductor manufacturing and innovation”

Kathy Hochul, Governor of New York

“We also look forward to working with the Government of Japan and partnering with their world-leading semiconductor supply chain ecosystem in the years to come. This investment will create thousands of construction jobs, support more than 1,000 highly skilled manufacturing jobs and reinforce New York’s position as a global hub for the semiconductor industry.”

Grant McEwan, General manager of Fab 8 at GlobalFoundries

“Since 2009, the people of this site have built one of the nation’s most advanced semiconductor manufacturing operations”

Grant McEwan, General manager of Fab 8 at GlobalFoundries

“These two great countries entrusting GF to operate two new fabs is a powerful vote of confidence in our workforce, our technology and New York’s Capital Region. With the potential to create thousands of new jobs, we are working with education and workforce partners to build the next generation of semiconductor talent. This is a milestone for our employees, our region and the future of advanced manufacturing in New York.”

Hidetoshi Shibata, CEO of Renesas

“We are planning around GF’s new capacity in New York as an extension of Renesas’ own production footprint, trusted U.S.-based manufacturing backed by a strong U.S.-Japan partnership”

Hidetoshi Shibata, CEO of Renesas

“This expanded collaboration further strengthens the stable, long-term supply of semiconductors with the differentiated technologies, quality and reliability our products require. These capabilities are essential as we deliver advanced solutions, with demand for electrification, connectivity, AI and data center applications accelerating worldwide.”

Tony Kawai, President & CEO of Tokyo Electron

“Resilient semiconductor manufacturing depends on a trusted ecosystem of equipment and technology partners”

Tony Kawai, President & CEO of Tokyo Electron

“Tokyo Electron has supported GlobalFoundries’ manufacturing operations across its global sites for many years, and we are pleased to contribute to expanding advanced semiconductor production capacity in the United States. We also recognize the importance of developing talent and fostering strong local communities to sustain long-term industry growth. This reflects the strong and deeply integrated U.S.-Japan collaboration that underpins the global semiconductor industry.”

Sabih Khan, COO of Apple

“We’ve partnered with GlobalFoundries to produce essential chips for Apple products right here in the United States, as part of our $600 billion commitment to American investment”

Sabih Khan, COO of Apple

“As an inaugural member of Apple’s American Manufacturing Program, GlobalFoundries shares our belief in the power of American innovation and ingenuity. This new investment will help accelerate the advanced semiconductor manufacturing ecosystem in the United States.”

John Forsyth, President and CEO of Cirrus Logic

“The new fabs in Malta strengthen the U.S. semiconductor ecosystem and give Cirrus Logic access to important domestic manufacturing capability for next-generation mixed-signal products”

John Forsyth, President and CEO of Cirrus Logic

“Building on our long-standing relationship with GF, this new capacity supports the secure, resilient supply chains our customers rely on and broadens the foundation for future innovation.”

Mark Reuss, President of GM

“GM is making strategic investments in autonomy and centralized computing to power the next generation of software-defined vehicles and deliver customer-focused technologies at scale, including widespread deployment of AI across our vehicles and breakthrough capabilities like next-generation Super Cruise. This requires significant processing power and a strong, resilient semiconductor supply chain”

Mark Reuss, President of GM

“GM and GF established the first direct automaker-to-foundry supply agreement, and expanding domestically owned and operated fab capacity in upstate New York marks a decisive step forward for American manufacturing.”

MALTA, N.Y., Oct. 14, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities (“fabs”) at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding. Enabled by President Donald J. Trump's trade and investment agreement with Japan, the initiative will accelerate trusted semiconductor manufacturing in the United States, strengthen critical supply chains and support growing demand across automotive, industrial and connected infrastructure markets.

Japan will provide the investment, while GF will contribute its differentiated technologies, manufacturing expertise and proven operational capabilities as technology provider and operator.

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