U.S. Government Awards GlobalFoundries New $3.1 Billion, 10-Year Contract for Secure Chip Manufacturing

URLhttps://gf.com/gf-press-release/u-s-government-awa
SourceGlobalFoundries.com
Date Published09/21/2023

Additional Reshoring Information:

Company/Division name GlobalFoundries Inc
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):3100
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredchips
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Geopolitical Risk, Government Incentives, Intellectual property risk , DoD contract, CHIPS
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