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SCHUMER SECURES ADDITIONAL $75 MILLION FOR GLOBALFOUNDRIES FROM HIS CHIPS LAW TO CREATE FIRST-OF-ITS-KIND CHIPS PACKAGING & PHOTONICS CENTER IN CAPITAL REGION, ADDING UP TO 100 NEW GOOD-PAYING JOBS


Schumer Lands Another Fed Investment For GlobalFoundries To Expand With Massive New $575M State-Of-The-Art Packaging & Photonics Center In Saratoga County

New Fed $$ Is On Top Of $1.5 Billion In CHIPS Funding Schumer Secured For GlobalFoundries To Invest Over $13B In U.S., Including Building Second Fab

Schumer: GlobalFoundries Is Growing And Making Capital Region The Heart Of America’s Chip Supply Chain

U.S. Senator Chuck Schumer today announced an additional $75 million from his bipartisan CHIPS & Science Law for GlobalFoundries to create a first-of-its-kind advanced chips packaging and testing center, adding 100 new good-paying jobs at its facility in Saratoga County.

Schumer said GlobalFoundries plans to invest approximately $575 million total to build the new NY Advanced Packaging and Photonics Center helping them increase production while bolstering national security by creating a secure facility to package, test, and manufacture semiconductors to support defense applications, AI, and high-performance computing, among other key industries.

“Thanks to my bipartisan CHIPS & Science Law, GlobalFoundries now plans to build a first-of-its-kind advanced chip Packaging and Photonics Center right here in the Capital Region. I’m proud to deliver this additional $75 million, on top of the $1.5 billion in CHIPS funding that I secured last year, to help the Capital Region and broader Upstate NY’s chips ecosystem grow bigger than we ever thought before," said Senator Schumer. “This new facility in the Capital Region will ensure semiconductors can be securely manufactured, packaged, and tested entirely in the United States, a vital need for our auto, defense, and tech industries like AI. That means new, good-paying jobs here at GlobalFoundries’ Malta facility, decreased reliance on foreign-made chips, and stronger national & economic security for America.”

Schumer added, “When I wrote the bipartisan CHIPS & Science Law, I made sure there was funding especially for the essential type of chips that GlobalFoundries produces in Malta and that continues to pay dividends as we see this new growth. GlobalFoundries’ expansion in New York is also made possible with the partnership of Governor Hochul, who I thank for her steadfast support and leadership in bringing this industry back to our shores. Today we take another step forward to making the heart of America’s chip industry right here in the Capital Region and Upstate NY.”

GlobalFoundries plans to invest $575 million in the New York Advanced Packaging and Photonics Center with an additional $186 million investment in research and development over the next 10+ years, creating approximately 100 new good-paying jobs in the Capital Region.

GlobalFoundries is a leading producer of essential chips that are critical across industries, from mobile phones and artificial intelligence to automobiles and defense technologies. Growth in AI is driving demand for the chips GlobalFoundries produces. The silicon photonics chips this new Center will produce are also in demand in the automotive, communications, radar, and other critical industries. The New York Advanced Packaging and Photonics Center will offer advanced packaging, assembly, and testing, allowing the company to more easily transform chips into individual packages ready for end-product use entirely in the United States. The Center’s new production capabilities will help onshore advanced packaging, which mostly takes place in Asia today, while further boosting GlobalFoundries' production capacity.

Last year, Schumer secured $1.5 billion in funding from his bipartisan CHIPS & Science Law to support the expansion of GlobalFoundries’ existing fab in Malta, NY, and the construction of a second, state-of-the-art fab at the same site, in addition to the modernization of the company’s current facility in VT. This investment will approximately triple the capacity of GlobalFoundries’ production in New York over the next decade.

Currently, there are only four companies outside of China that provide current and mature foundry capabilities at the scale of GlobalFoundries, and GlobalFoundries is the only one of those companies that is headquartered in the United States. GlobalFoundries, a Trusted Foundry for the Department of Defense, is a key supplier of chips for America’s national defense, with strong partnerships with major defense contractors like Lockheed Martin. GlobalFoundries also supplies chips to America’s auto industry with partnerships in place with companies like General Motors, which saw severe shortages of chips during the pandemic, leading to increased prices for cars. The overall CHIPS investment will support the expansion of GlobalFoundries’ current fab focused on automotive chips to help meet soaring demand for chips in cars and get ahead of future supply chain challenges.

  

The U.S. Department of Commerce will disburse funds in the coming years as GlobalFoundries meets project milestones.

In addition to the $1.5 billion award for GlobalFoundries announced last year, Schumer has secured billions of dollars in federal funding from his bipartisan CHIPS & Science Law. Earlier this week, Schumer announced NY CREATES, Natcast, and the U.S. Department of Commerce reached a final agreement to make Albany NanoTech the first flagship facility of the National Semiconductor Technology Center (NSTC), bringing a historic $825 million in federal R&D investment to the region and putting Albany on the global map for semiconductor innovation. Schumer last year announced that Micron, which plans to invest $100+ billion over the next two decades – the largest private investment in New York’s history – finalized a $6.1 billion CHIPS funding agreement. Earlier this week, the senator announced that Corning Incorporated finalized a $32 million CHIPS funding agreement to make a $315 million investment that would increase production at their Canton facility of specialized glass vital for the semiconductor industry and announced Edwards Vacuum finalized a $18 million CHIPS funding agreement to build a new first-of-its-kind-in-the-country $300+ million dry pump manufacturing facility to supply critical technology to the chip industry.

“We’re proud to partner at the state and federal level on this new center, which is a direct response to our customers asking for more geodiversity in their supply chains and additional support with advanced packaging solutions for GF silicon photonics, Trusted, and 3D/HI offerings,” said Dr. Thomas Caulfield, president and CEO of GF. “The New York Advanced Packaging and Photonics Center will be unique in our industry and will play a vital role in the continued growth of the Empire State’s world-class semiconductor manufacturing and innovation ecosystem.”

“GlobalFoundries is a proven economic generator that shows just exactly how this industry can transform a region,” Governor Hochul said. “Their continued growth and success are a boon to both the Capital Region and the state that attracts residents and businesses alike. GlobalFoundries expansion into advanced packaging for photonics and other applications is good news for New York and I thank the Biden administration, Senator Schumer, and our congressional delegation for ensuring we remain competitive in the 21st century economy.”

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