GlobalFoundries (GF) has announced it is investing an additional $3 billion to boost semiconductor manufacturing at its facilities in New York and Vermont, the US.
The investment builds on GF’s existing expansion plans, which saw the company pledge more than $13bn to expand and modernize its existing fabs in the two states, bringing GF’s total investment in the US to $16bn.
The company, which announced plans to build an Advanced Packaging and Photonics Center in the state of New York in January 2025, said it would be collaborating with a number of companies, including Apple, SpaceX, AMD, Qualcomm, NXP Semiconductors, and GM, as part of its commitment to reshoring semiconductor production across the US.
GF said the additional $3bn would be used to support advanced research and development initiatives focused on packaging innovation, silicon photonics, and next-generation gallium nitride technologies.
“Today’s announcement is a direct result of President Trump’s leadership and his vision to bring back high-paying manufacturing jobs and re-establish secure, domestic supply chains for critical technologies,” said Dr. Thomas Caulfield, executive chairman of GlobalFoundries. “We look forward to continuing to work with the US government to help create the conditions for industry and government to work together and drive meaningful, long-term impact.”
The announcement comes six months after it finalized the negotiations for its CHIPS and Science Act funding, under which it will receive $1.5 billion in direct funding to expand its manufacturing capabilities in New York and Vermont. The following month, the company was awarded an additional $9.5 million in US federal government funding to advance the manufacturing of gallium nitride-on-silicon chips at its fab in Essex Junction, Vermont.
The semiconductor manufacturer has also previously been awarded more than $550 million in support from the New York State Green CHIPS Program, which will be used to expand the company’s Malta campus in the state.
However, President Trump has been critical of the CHIPS Act, instead arguing that the government should levy tariffs on the semiconductor industry instead of handing out grants and loans to chip companies.
In January 2025, Trump pledged to “return production” of computer chips and semiconductors to the United States by imposing a “100 percent tax” on their overseas production, claiming that tariffs would incentivize companies to manufacture chips in the US instead of Taiwan.
Despite this, the President has yet to impose any tariffs on semiconductors.
