GlobalFoundries to receive $1.5B federal grant for chip manufacturing

URLhttps://spectrumlocalnews.com/nys/capital-region/t
SourceSpectrum News
Date Published11/20/2024

Additional Reshoring Information:

Company/Division name GlobalFoundries
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1000
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):1500
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$1.5B (fed) + 550 million (state)
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