[ad_1]
The post-event press conference was attended by, from left, Senator Leahy, Governor Scott, Senator Welch, Lieutenant Governor Zuckerman, and GF CEO Caulfield. Photo by Vermont Biz.
Written by Timothy McQuiston, Vermont Business Magazine GlobalFoundries (Nasdaq: GFS) CEO Dr. Thomas Caulfield today spoke with Vermont Governor Phil Scott, Senator Peter Welch, former Senator Patrick Leahy, U.S. Representative Becca Balint (via video), and others. Attended the GF factory in Essex Junction with GF and community leaders. Approximately $130 million in direct funding planned as part of the U.S. CHIPS and Science Act and the modernization of GF’s longest continuously operating fab and the nation’s first and largest trusted 200mm facility. This is to celebrate the state of Vermont’s funding.
last week, GF announces $1.5 billion in direct funding planned by the U.S. Department of Commerce to GF$125 million of that funding was allocated to modernize and increase capacity at GF’s Vermont facilities.
Governor Scott and the state of Vermont will provide an additional $4.5 million in program funding to support construction of the first facility in the United States capable of high-volume manufacturing of next-generation gallium nitride (GaN) semiconductors used in electric vehicles, power grids, and data centers. announced the dollar. , 5G and 6G smartphones, and other important technologies.
Vermont will be the only GF site to manufacture GaN chips, which have faster processing speeds and higher heat resistance than current silicon chips. The Trusted Foundry designation allows for the development and manufacture of government technology, including for the Department of Defense.
Approximately 1,800 GF employees currently work in the field. Mr Caulfield said the new investment would help secure the future of the factory. The majority of the funds will be donated to GF’s facility in Malta, New York. This includes building new factories as the semiconductor industry continues to grow alongside the growth of artificial intelligence. AI requires enormous computing power.
Essex Junction’s modernization efforts include implementing new industry-leading sustainability practices aimed at reducing greenhouse gas emissions and improving wastewater treatment at the facility. These improvements prepare the plant to not only meet but exceed state and federal regulatory requirements, making it one of the greenest plants of its kind.
A large crowd gathered, including GlobalFoundries officials and employees, Governor Scott, Senator Welch, and former Senator Leahy. Peter Welch is on the podium here.
“GF is proud to welcome Governor Scott, Senator Welch, former Senator Leahy, and Congressman Balint to our Vermont location today,” said Dr. Caulfield. “Our facilities in Vermont have been manufacturing and innovating in the semiconductor industry for the past 60 years. These investment proposals to modernize our facilities will allow GF to stay on the cutting edge in an environmentally friendly manner. solutions for our customers and partners into the future. Today, as Employee Appreciation Day, we celebrate the accomplishments and community spirit of Vermont’s GF team.”
“This investment will have a tremendous impact not only on our state and region, but also on our national and economic security,” Governor Scott said. “This also recognizes the ingenuity, hard work, and dedication of generations of Vermont employees who have made GlobalFoundries and its predecessor, Essex Junction, so successful and impactful. Without their excellence, this investment would not have been possible, and I look forward to seeing what it produces in the coming years.”
To attract and develop the semiconductor talent pipeline needed in Vermont, GF is implementing a number of initiatives, including a recently announced student loan forgiveness program to help current and new employees repay their student loans. We create and invest in initiatives. GF also partners with a wide range of universities and community colleges across the country, including the University of Vermont and Vermont State University, to help build a diverse workforce and pipeline of semiconductor talent. As part of CHIPS and Science Act funding, GF continues to invest in and develop new workforce development initiatives, including curriculum development, internship and apprenticeship programs, K-12 His STEM support, and additional education and training programs. I will continue to do so.
All of GF’s design and construction plans for modernization in Vermont reflect GF’s continued commitment to sustainable operations and align with the company’s sustainability goals.
Vermont government officials and academics celebrated the news.
“There is no question that there is a global shortage of microchips and semiconductors, making it difficult for manufacturers to produce the cars, cell phones, and electronics we need,” Sen. Bernie Sanders said in a statement. “There is,” he said. “This federal investment will provide valuable support to help this industry succeed in Vermont by supporting innovation in development, manufacturing, and production. It will also provide hundreds of Vermonters with higher incomes. We will also introduce apprenticeship programs to create new jobs and teach the next generation. We applaud all efforts to bring this to Vermont, and we look forward to the positive impact it will have on Vermont workers and our communities.”
“Vermont is leveraging gallium nitride technology, which is used in everything from phones to power grids to electric vehicles. $125 million federal funding made possible by the bipartisan CHIPS and Science Act The grant represents a generational investment in Vermont jobs and American-made chips,” said Senator Welch. “GlobalFoundries and the Fab 9 team have made Vermont a leader in semiconductor innovation and development and shown the nation and the world that Vermont can work. Our commitment to sustainability and carbon-free energy practices sets us apart from others. The ripple effects of this exciting development are already starting to spark innovation within the larger community and will be an economic driver for years to come.”
“The historic CHIPS and Science Act will unlock the full potential of domestic semiconductor manufacturing and will position Vermont to lead the nation in chip production,” said Congresswoman Becca Balint. “Thanks to President Biden’s leadership, this transformative investment will lead to the modernization of GlobalFoundries’ longest continuously operating plant here in Vermont. It will be home to the first facility in the United States capable of high-volume manufacturing of next-generation GaN semiconductors. Vermonters continue to lead our nation’s innovation economy, and today we celebrate this monumental investment from the Biden Administration. I am very happy that I was able to do this.”
U.S. Rep. Becca Balint (D-Vermont) also joined by video from Washington, D.C., as Congress passed legislation Thursday to avert a federal government shutdown.
“GF’s Vermont facility, the first and largest 200mm semiconductor manufacturing facility of its kind in the United States, is a cornerstone of the state’s economy and an important partner in the University of Vermont’s efforts as a national research university. Through our collaborative program, Vermont is where so many young people from this region find their future. CHIPS funding will help ensure the site’s commercial viability for years to come, and will help GF and UVM build on the recent EDA Tech Hub designation for “internships, apprenticeships, and internships in the Green Mountain State.” We applaud the federal government’s investment in GF and the entire Vermont community.” said Kirk Dong, UVM’s vice president of research and economic development. Browsky said.
GF’s facility in Essex Junction, Vermont, near Burlington, was one of the first major semiconductor manufacturing locations in the United States.
Built on GF’s differentiated technology, these GF chips are used in smartphone, automotive, and communications infrastructure applications around the world. The facility is a DMEA-certified Trusted Foundry that partners with the U.S. Department of Defense to manufacture secure chips used in some of the nation’s most sensitive aerospace and defense systems.
About GlobalFoundries
GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership in a wide range of high-growth markets. GF offers a unique combination of design, development and manufacturing services. With a talented and diverse workforce and extensive manufacturing facilities across the United States, Europe and Asia, GF is a trusted technology source for customers around the world. For more information, please visit www.gf.com.
Source: ESSEX JUNCTION, Vermont, March 1, 2024 – GlobalFoundries
[ad_2]
Source link
