Malta

Today at a private GlobalFoundies event, CEO Tom Caulfield accompanied by Senate Majority Leader Chuck Schumer, announced that the company is set on expansion. At the heart of this new initiative is a doubling of Fab 8, GF’s leading manufacturing facility, at the cost of around $1B. Accompanying this is the disclosure that GF is going to build another manufacturing facility close to Fab 8, in Malta NY, as part of a Private-Public partnership. Details of the new facility were not given. CEO Tom Caulfield GlobalFoundries is a contract manufacturer of microprocessors, focusing on adjacency technologies from 12nm and larger geometries. While most column inches are spent discussing the leading-edge manufacturing at GF’s competitors, in a discussion with the CEO we were told that GF addresses...