GlobalFoundries Announces Investment in Two New York Facilities
The Department of Commerce says Japan will provide the capital. The projects are expected to create 27,000 construction and supply-chain jobs and more than 1,000 manufacturing jobs.
GlobalFoundries and the Department of Commerce, led by Secretary Howard Lutnick, announced plans to invest 21 billion dollars in 2 semiconductor manufacturing facilities in Malta, New York. The announcement said the projects would create 27000 construction and supply-chain jobs and over 1000 manufacturing jobs in New York. The statement said Japan would provide the capital for the 21 billion dollar investment. S.
industrial base, create jobs and strengthen national and economic security, and said investment commitments from Japan, Korea and Taiwan were being turned into construction projects.