Schumer Celebrates Historic Moment for Capital Region as Globalfoundries Breaks Ground on Transformational $10 Billion Investment, Senator Delivered Billions From His Chips & Science Law to Make...

Five Years Ago, Then-GlobalFoundries CEO Tom Caulfield Said That If Schumer Could Create Federal Incentives For Semiconductor Manufacturing, GlobalFoundries Would Build A Second Fab – Today, Schumer Says A Promise Made Is A Promise Kept Powered By Billions In Funding From Schumer’s Bipartisan CHIPS & Science Law, GlobalFoundries Is Breaking Ground On New, Second Manufacturing Facility That Will Create Thousands Of Good-Paying Jobs In Capital Region Schumer: GlobalFoundries’ Groundbreaking Marks Next Chapter In American Chipmaking After years of work to rebuild semiconductor manufacturing in New York and America through his CHIPS & Science Law, including working relentlessly with GlobalFoundries to support expansion of their New York operations, U.S. Senate Democratic Leader Chuck Schumer today celebrated GlobalFoundries’ historic groundbreaking for its second, state-of-the-art fab in Malta, NY. Thanks to billions from Schumer’s CHIPS & Science Law, this expansion will create thousands of good-paying manufacturing and union construction jobs in the Capital Region. “What is the only thing better than one economy-changing, job-creating chip fab? Two chip fabs! Powered by billions in federal investment, shovels are hitting the ground for GlobalFoundries’ second, state-of-the-art chip fab in Malta! Today is a historic day for Saratoga County and Upstate New York as we usher in the next chapter of the country’s hi-tech manufacturing future,” said Senator Schumer. “When I visited Malta to push for my groundbreaking CHIPS & Science Law, GlobalFoundries said that if Congress created federal incentives for semiconductor manufacturing, GlobalFoundries would build a second fab. We both took our promises seriously, and now here we are, bringing thousands of good-paying manufacturing and union construction jobs to the Capital Region. I’m proud to have delivered billions in federal CHIPS funding to GlobalFoundries to make this day possible and to bring this second fab and thousands of good jobs to life. America’s next era of chip manufacturing is underway here in Upstate, and I can confidently say New York’s best days are ahead.” Schumer said this transformational investment was just what he had envisioned when he helped write and pass into law the bipartisan CHIPS & Science Law. Schumer has worked for years to expand GlobalFoundries’ New York presence, with a focus on delivering a second fab. SCHUMER’S LANDMARK BIPARTISAN CHIPS & SCIENCE LAW For years, Schumer has been a staunch advocate for securing the domestic semiconductor and microelectronic supply chain and making historic investments in manufacturing and innovation. After decades of Upstate NY losing manufacturing, Schumer has prioritized bringing manufacturing back to Upstate NY, with a focus on positioning the state to lead in fast-growing, critical industries like semiconductor manufacturing. In May 2020, Schumer unveiled the Endless Frontier Act with bipartisan support to build on U.S. science and technology leadership through investments in research and development and strengthening regional economic development, manufacturing, and supply chains. After a year of negotiation, in June 2021, Schumer announced Senate passage of the U.S. Competition and Innovation Act , which combined his Endless Frontier Act and major new federal funding for federal incentives to bring semiconductor manufacturing back to the U.S., including dedicated support for chip production, like that of GlobalFoundries, that is essential to the auto industry, the military, and other critical industries. When Schumer visited GlobalFoundries’ Malta campus in July 2021 to tout efforts on the federal level to invest in the domestic semiconductor industry, then-CEO Tom Caulfield told Schumer that if Congress successfully created federal incentives for semiconductor manufacturing and research and development, GlobalFoundries would build a second fab. Motivated by the prospect of new investments like a second fab in the Capital Region and strengthening of our national security by expanding this critical industry in America, Schumer worked tirelessly to craft and pass the CHIPS & Science Law with bipartisan support. After years of work, Schumer led the CHIPS & Science Law to passage with bipartisan support in the Senate in August 2022, creating major federal investment for new domestic manufacturing in the Capital Region, Upstate New York, and across the country. Four years after his landmark CHIPS & Science Act was signed into law, Upstate New York is now powering the nation’s semiconductor comeback, attracting billions of dollars of investment, and delivering tens of thousands of new, good-paying jobs across Upstate NY. DELIVERING FEDERAL INVESTMENT FOR GLOBALFOUNDRIES Since Schumer led his CHIPS & Science Law to passage, this landmark legislation has delivered billions in federal support for GlobalFoundries’ growth in the Capital Region. In February 2024, Schumer announced a $1.5 billion award for GlobalFoundries’ expansion in the Capital Region, including the second, state-of-the-art fab that is being unveiled today. The award was finalized in November 2024. The federal CHIPS Investment Tax Credit created by Schumer's CHIPS & Science Law is also providing a critical federal incentive to make this project possible. GlobalFoundries then secured an additional $75 million in CHIPS funding to make a $3 billion investment to create a first-of-its-kind advanced chip packaging facility at its Saratoga County location, thanks to Schumer’s CHIPS & Science Law. A few months ago, GlobalFoundries finalized an agreement for up to $375 million in CHIPS funding, made possible by Schumer’s CHIPS & Science Law, to launch Quantum Technology Solutions, a new quantum business within GlobalFoundries that will position America at the forefront of technology innovation. Earlier this summer, GlobalFoundries received a letter of intent from the Department of Commerce to award up to $300 million in CHIPS funding from Schumer’s CHIPS & Science Law for accelerating domestic silicon photonics research and development to support artificial intelligence (AI) infrastructure. Together, these billions in CHIPS investments have and will continue to support GlobalFoundries’ growth, create thousands of good-paying manufacturing and union construction jobs, and support the Capital Region and Upstate New York’s growth as a global tech hub. In addition, GlobalFoundries has committed to a Project Labor Agreement, establishing employment terms and conditions with unions before workers are hired. GlobalFoundries is a leading producer of essential chips that are critical across industries, from mobile phones and artificial intelligence to automobiles and defense technologies. Currently, there are only four companies outside of China that provide current and mature foundry capabilities at the scale of GlobalFoundries, and GlobalFoundries is the only one of those companies that is headquartered in the United States. GlobalFoundries, a Trusted Foundry for the Department of Defense, is a key supplier of chips for America’s national defense, with strong partnerships with major defense contractors like Lockheed Martin. GlobalFoundries also supplies chips to America’s auto industry with partnerships in place with companies like General Motors, which saw severe shortages of chips during the pandemic, leading to increased prices for cars. The investment will support the expansion of GlobalFoundries’ current fab focused on automotive chips to help meet soaring demand for chips in cars and get ahead of future supply chain challenges. BUILDING UPSTATE NEW YORK’S MANUFACTURING ECOSYSTEM Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Schumer has worked for years to highlight the Capital Region and broader Upstate NY’s ability to lead the country’s semiconductor manufacturing efforts. In the Capital Region, beyond Schumer’s relentless advocacy for expansion of GlobalFoundries, he has also focused on positioning Albany NanoTech as a global leader in semiconductor research and development. Schumer brought former Commerce Secretary Gina Raimondo to the Capital Region several times , including to GlobalFoundries and to meet with leaders of Albany NanoTech, to highlight the region’s ability to lead in semiconductor research and manufacturing. Schumer additionally convinced South Korea to establish chip research and development partnerships at Albany NanoTech. Thanks to Schumer’s advocacy, Albany NanoTech is now home to a major new IBM multi-billion-dollar quantum wafer fab investment, made possible by $1 billion in federal CHIPS R&D funding. Albany NanoTech will also feature a new $10 billion High NA EUV Lithography Center, made possible with a $1 billion investment from Governor Hochul and New York State. Albany NanoTech’s world-renowned capabilities were also central to Schumer and Governor Hochul’s successful effort to secure Micron’s massive $100+ billion megafab project in Upstate NY, with Micron saying Albany NanoTech was a critical factor in their selection of Central NY for their major investment to bring advanced memory chip manufacturing to the U.S. Earlier this year, Micron broke ground on a historic $100+ billion investment to build a cutting-edge memory fab in Central New York with the support of an over $6 billion CHIPS agreement. In addition, Corning Incorporated finalized a $32 million CHIPS funding agreement to make a $315 million investment that would increase production at its Canton facility of specialized glass vital for the semiconductor industry. Edwards Vacuum has officially opened a new first-of-its-kind-in-the-country $300+ million, 600-job dry pump manufacturing facility, supported by an $18 million CHIPS funding award. TTM Technologies, a printed circuit board manufacturer, has opened a major new facility expansion in Onondaga County, creating up to 400 good-paying jobs, supported by $30 million in federal investment that Schumer delivered. Schumer said GlobalFoundries’ growth was a key part of his vision for a thriving manufacturing hub in Upstate New York, and with these new investments thanks to his CHIPS & Science Law, new growth is coming to the region bigger and better than imagined. ###