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On Monday, GlobalFoundries announced it received $1.5 billion in federal funding through the CHIPS and Science Act of 2022 for its manufacturing sites in New York and Vermont. The Essex Junction manufacturing facility will receive $125 million from the federal award. It leverages existing facilities, expands production capacity and enables mass production of next-generation technologies,” said Thomas Caulfield, CEO of GlobalFoundries. According to GlobalFoundries, the upgrade will make the factory one of the largest mass-producing factories for the new type of chip. “If anyone had any doubts, GlobalFoundries is a global company that is trusted by the federal government and its management team and invests significant amounts of money right here in Vermont,” said Vermont Department of Economic Development Secretary Joan Goldstein. Ta. Between New York and Vermont, the Biden administration has promised 1,500 manufacturing jobs and 9,000 construction jobs over the next 10 years. Essex Junction City Manager Regina Mahoney said she is committed to creating more housing development solutions and knows they will be needed as expansion continues. We have a world-class workforce here,” Mahoney said. Kristen Faria is a bartender at On Tap Bar & Grill in Essex Junction. This sports bar facility is located right next to GlobalFoundries. Faria said they serve many regular customers from the manufacturing site. Almost every day. “We have a lot of lunch meetings.” “They come for drinks after work,” Faria said, adding, “There are some groups of four or five guys that are consistent throughout the week.” He said his relationship with one of the world’s largest semiconductor manufacturing companies has only deepened in recent years. She has also hosted several Christmas events and employee retirement parties. “We hear all kinds of things about what they’re doing there. It was great to have them nearby,” Faria said. Once the expansion happens, she and the rest of her On Tap team will be ready. “It’s great to have some new faces here,” Faria said. GlobalFoundries said: Investing also helps them in many other ways. This includes continuing apprenticeship programs, extending childcare benefits, and supporting our goal of using only carbon-neutral energy sources.
On Monday, GlobalFoundries announced it received $1.5 billion in federal funding through the CHIPS and Science Act of 2022 for its manufacturing sites in New York and Vermont.
The Essex Junction manufacturing facility will receive a $125 million award from the federal government.
“This will enable us to upgrade our existing facilities, expand our production capacity and mass produce next-generation technologies,” said GlobalFoundries CEO Thomas Caulfield.
GlobalFoundries says the upgrade will make the factory one of the largest high-volume factories for new types of chips used in electric vehicles, power grids and the latest smartphone devices.
“If anyone has any doubts, GlobalFoundries has the confidence of the federal government and its management team to invest significant amounts of money here in Vermont,” said Joan Goldstein, director of the Vermont Economic Development Authority. It’s a company with a strong reputation.”
The Biden administration has pledged to create 1,500 manufacturing jobs and 9,000 construction jobs between New York and Vermont over the next 10 years.
“We need opportunities for young people so they don’t have to leave the state,” Goldstein said.
Essex Junction City Manager Regina Mahoney said they are working on creating more housing development solutions, which they know will be needed as expansion continues.
“It’s exciting and great to think that we’re going to have a world-class workforce here,” Mahoney said.
Kristen Faria is a bartender at On Tap Bar & Grill in Essex Junction.
Sports bar facilities are located just steps away from GlobalFoundries.
Faria said he serves many patrons from the manufacturing site almost every day.
“We have a lot of lunch meetings,” Faria said. “They come for drinks after work,” Faria said. “There are two or three groups of four or five people, and they’re consistent throughout the week.” Told.
Faria said the restaurant’s relationship with one of the world’s largest semiconductor manufacturing companies has only deepened over the years.
We also host several Christmas events and retirement parties for our employees.
“We’re hearing all kinds of things about what they’re doing there. It’s really nice to have them nearby,” Faria said.
Once the expansion happens, she and the rest of the On Tap team will be ready.
“It’s great to have some new faces here,” Faria said.
GlobalFoundries says this investment will also help in many other ways.
This includes continuing to develop apprenticeship programs, extending childcare benefits and supporting our goal of using only carbon-neutral energy sources.
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