GlobalFoundries Expands Malta, New York, Semiconductor Complex

URLhttps://www.areadevelopment.com/newsitems/7-29-202
SourceArea Development
Date Published07/29/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name GlobalFoundries Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1000
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):1000
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors, chips
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:public-private partnerships
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