GlobalFoundries commits $16B to expand New York, Vermont facilities

URLhttps://www.manufacturingdive.com/news/globalfound
Sourcemanufacturing dive
Date Published06/04/2025

Additional Reshoring Information:

Company/Division name GlobalFoundries
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2025
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 non-domestic negative factors made offshoring less attractive?Supply chain interruption, Tariffs
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:2 Billion (CHIPS Act)- up in the air due to trump
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