A significant investment is being directed towards strengthening domestic chip manufacturing capabilities within the United States. Plans are underway to invest $16 billion over the next decade to expand semiconductor production facilities. This massive commitment is focused on key locations, specifically in New York and Vermont.
The strategic investment aims to substantially increase manufacturing capacity for vital chips on American soil. By boosting domestic production, this initiative directly contributes to enhancing supply chain resilience and fostering onshoring efforts. The expansion is projected to create thousands of new jobs, supporting the growth of the high-tech sector.
The majority of the funding is earmarked for the existing advanced facility near Albany, New York, with a portion also dedicated to upgrades at the facility in Vermont. This dual-site approach will be critical for increasing the output of various types of advanced semiconductors essential for numerous industries. The commitment highlights a strong focus on securing a robust and independent semiconductor supply chain for the future.
Source: https://www.datacenterdynamics.com/en/news/globalfoundries-pledges-16bn-investment-to-reshore-chip-manufacturing-at-new-york-and-vermont-fabs/
