GlobalFoundries Expands Malta, New York, Manufacturing Operations

URLhttps://www.areadevelopment.com/newsItems/1-25-202
SourceArea Development
Date Published01/25/2025

Additional Reshoring Information:

Company/Division name Global Foundries
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2029
Domestically, the work will be done:In-house
Capital investment ($):575
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$95 million
Find Reshoring Articles