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The US Department of Commerce has announced its intention to provide $1.5 billion in direct funding to GlobalFoundries under the US CHIPS and Science Act. Additionally, the company will receive more than $600 million in support from the state of New York over the next 10 years to support its growth and modernization efforts. This financial support will enable GlobalFoundries to upgrade existing manufacturing capacity and build new manufacturing capacity in the U.S. to meet demand for U.S.-made chips in the automotive, aerospace, defense, and other industries. It will be possible.
GlobalFoundries said it plans to invest $12 billion in its U.S. manufacturing footprint over the next 10 years, including public-private partnerships with federal and state governments and strategic ecosystem partners. The company said the investment package is expected to meet the growing demand for domestically produced chips and create more than 1,500 manufacturing jobs and approximately 9,000 construction jobs.
By supporting GlobalFoundries and encouraging investment in U.S. semiconductor facilities, the U.S. government is strengthening the competitiveness and strength of the U.S. semiconductor industry, which is one of the primary objectives of CHIPS and the Science Act. is. GlobalFoundries has outlined three major projects to invest in in the coming quarters.
First, the company plans to expand Fab 8 in Malta, New York to produce chips for automotive applications using manufacturing techniques already used at facilities in Germany and Singapore, which essentially This means introducing a trailing node to Fab 8. This upgrade is extremely important for Fab 8. Meet the growing demands from the automotive industry as it transitions to electric and software-defined vehicles. Additionally, the project will expand the reach of GloFo’s Malta plant and increase its importance in key fundamental sectors such as automotive.
Second, GlobalFoundries plans to build an entirely new fab module at its Malta campus. This upcoming facility is intended to serve a variety of sectors including AI, automotive, aerospace, and defense, and meet future demand for U.S.-made chips. The establishment of this new facility and the expansion of the existing factory are expected to triple Malta’s current production over the next 10 years, reaching more than 1 million wafers per year. This equates to approximately 83,300 wafer starts per month (WSPM).
Finally, the company will upgrade its existing fab tools to expand production capacity and install the tools needed to mass produce next-generation gallium nitride (GaN) chips, which are increasingly used in a variety of applications, including electric vehicles. The company aims to revamp its facility in Essex Junction, Vermont. , data centers, communications, power grids.
“These investment proposals, along with the Investment Tax Credit (ITC) for semiconductor manufacturing, are central to the GlobalFoundries story and the next chapter of our industry,” said Thomas Cole, President and CEO of GlobalFoundries. Dr. Field said. “They will also play a critical role in increasing the global competitiveness and resiliency of the U.S. semiconductor ecosystem and solidify the New York metropolitan area as a global semiconductor hub. New onshore production capacity and technology is on the horizon, and as an industry we need to pivot now.”We are focused on increasing demand for American-made chips and developing America’s talented semiconductor workforce. ”
Companies such as AMD, Qualcomm, General Motors, and Lockheed Martin emphasize the importance of the U.S. semiconductor supply chain to emerging applications in the automotive and IoT industries and global trends such as 5G, AI, and high-performance computing (HPC). and praises this grant. ), and edge computing.
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