ClickOnDetroit · October 14, 2026

GlobalFoundries Plans Two Factories in Malta, New York, With About $10 Billion for a Plant to Open in 2029 and About $10 Billion for a Second Plant

• GlobalFoundries said on Wednesday that it plans to open two factories in Malta, New York, financed by an investment of up to $21 billion from Japan, according to the Associated Press report.
• About $10 billion would accelerate construction of a chip factory to open in 2029, and the other $10 billion would fund a second plant, the company said, according to the report.
• Spokesperson Kenneth Craig said in an email that federal funding the company previously received will now go to investments in other areas of semiconductor manufacturing, according to the report.

Company statements as reported by the Associated Press. This card documents plant location, funding split and opening year not in the Reuters card on this page on the same investment. Original headline: "GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan".