Posted 2/19/2024, 10:30:34 AM
U.S. Invests $1.5 Billion to Build New York Chip Factory, Creating Thousands of Jobs
- U.S. granting $1.5 billion to GlobalFoundries to build new computer chip factory in New York
- Part of $52B Chips and Science Act to boost U.S. semiconductor manufacturing
- Money will help expand existing plants and build new fabrication facility in Malta, NY
- Aims to reduce reliance on overseas chip makers and secure supply chain
- Expected to create 1,500 manufacturing jobs and 9,000 construction jobs in New York