GlobalFoundries Inc., the largest U.S.-based producer of made-to-order semiconductor chips, has announced a $16 billion investment plan aimed at expanding its manufacturing capabilities and advancing technologies.
GlobalFoundries' Investment Plans
The company will allocate $13 billion to expand its existing manufacturing facilities in Malta, New York, and Essex Junction, Vermont. The remaining $3 billion is intended for U.S.-based research and development, focusing on advanced packaging and next-generation chip technologies.
Support from Major Companies
GlobalFoundries' investment plans are supported by clients such as Apple Inc., Qualcomm Inc., and General Motors Co., who emphasize the need for resilient local supply chains amid recent global disruptions.
Company Strategy in Chip Manufacturing
GlobalFoundries specializes in producing essential chips that manage power flow and sensor integration. The new investments will enhance innovative technologies, including integrating optical data links with chips.
The increase in investment for chip manufacturing underscores the push for technological self-reliance and the strengthening of domestic production capabilities in the U.S.
