The Peru Gazette

Part of a $12.3 Billion Expansion at Luther Forest Technology Campus in Malta That Will Create More Than 1,100 High-Skilled Manufacturing Jobs

November 13, 2026 – Governor Kathy Hochul today celebrated the groundbreaking of GlobalFoundries’ new $10 billion semiconductor manufacturing facility in Malta, Saratoga County. The new facility is part of a $12.3 billion multi-phase expansion in New York State that includes upgrades to GlobalFoundries’ existing facilities and a new Advanced Packaging and Photonics Center. The project will create more than one thousand new good paying manufacturing jobs, support thousands of construction and industry-related jobs in the Capital Region and is supported by a $570 million investment from New York State.

“New York is building the future of American semiconductor manufacturing, and today’s groundbreaking marks another major step forward for our state and the Capital Region,” Governor Hochul said. “With up to a $21 billion investment, more than 1,100 new manufacturing jobs and thousands of construction jobs, GlobalFoundries is demonstrating what is possible when we invest in our workforce and growing technology industries. This expansion will strengthen our domestic supply chains, create new opportunities for New Yorkers and help ensure that the chips powering our economy are made right here in New York.”

GlobalFoundries CEO Tim Breen said, “Today, we’re putting shovels in the ground and turning an ambitious partnership into reality. This first-of-its-kind initiative brings together the strengths of the United States, Japan and GF to expand trusted semiconductor manufacturing at a scale that matters. We’re proud to build on our long history in New York and deliver the capacity, technology and supply chain resilience our customers and both nations need for the future.”

The new facility represents the first phase of a U.S.-Japan initiative to eventually invest up to $21 billion at GlobalFoundries and position the campus to grow into one of the nation’s largest semiconductor manufacturing facilities.