GlobalFoundries

GlobalFoundries is receiving federal funding to advance manufacturing of a specialized silicon semiconductor at its Essex Junction plant.

Officials gathered at the FAB9 plant in Vermont today to celebrate $1.5 billion from the U.S. CHIPS and Science Act for expansion and upgrades at GlobalFoundries in Malta, New York and Essex Junction, Vermont.

The company says the funding will allow it to expand the Fab 8 plant, build a second fab at the Saratoga County campus, and modernize its facility in Essex Junction, Vermont.

(Airs 11/24/23 @ 10 p.m.) The Legislative Gazette is a weekly program about New York State Government and politics. On this week’s Gazette: Governor Hochul signs clean slate legislation and receives immediate backlash from Republicans, a state appeals courts hears arguments on redistricting, and A Capital Region semiconductor manufacturer celebrates the role of women in technology.

A Capital Region semiconductor manufacturer is celebrating the role of women in technology — even while acknowledging there’s a long way to go.

The University of Vermont and GlobalFoundries are partnering to create a new laboratory that will offer students high-tech learning opportunities and the company access to a trained workforce.

GlobalFoundries has been awarded $35 million in federal funds to accelerate the production of a semiconductor manufactured in Essex Junction.

U.S. Trade Representative Katherine Tai visited the Albany area on Wednesday, the first anniversary of the Inflation Reduction Act.

Semiconductor manufacturer GlobalFoundries has finalized its purchase of 800 acres in Saratoga County next to its existing chip fab and global headquarters. However, the company says plans for building a second fab are contingent on federal funding that could be impacted in the ongoing debt ceiling debate.

General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of its Saratoga County factory to supply the automaker.