Info
Info
News Article

GLOBALFOUNDRIES To Acquire Land In NY For Advanced Manufacturing Facility

News

Land purchase option increases Fab 8 footprint for future development to support growing client and U.S. government technology development needs

GLOBALFOUNDRIES, the specialty foundry and the leading U.S. pure-play manufacturer of semiconductors, has announced it has secured a purchase option agreement for approximately 66 acres of undeveloped land adjacent to its most advanced manufacturing facility, Fab 8, in Malta, N.Y., near the Luther Forest Technology Campus (LFTC).

The land parcel is located at the southeast end of the New York State Energy Research and Development Authority (NYSERDA) Saratoga Technology + Energy Park (STEP) campus, adjacent to Stonebreak Road Extension, between GF's Fab 8 facility and Hermes Road. Exercising the option to purchase the land and commencement of development to expand GF's Fab 8 facility will be subject to zoning regulations and client demand. The parcel is being sold at Fair Market Value, with a purchase price determined by an independent appraiser.

“Amid growing consensus in our nation's capital for investment in semiconductor manufacturing, it's more important than ever that we are ready to fast track our growth plans at GLOBALFOUNDRIES' most advanced manufacturing facility in the U.S.," said Ron Sampson, senior vice president and general manager of U.S. Fab Operations at GF. “With this agreement option, we now have additional flexibility to expand our footprint and position Fab 8 for future growth in Saratoga County and New York State, while strengthening U.S. leadership in semiconductor manufacturing."

"GLOBALFOUNDRIES continues to demonstrate its commitment to economic growth in Saratoga County and Upstate New York," said Darren O'Connor, Malta's Town Supervisor. "I am pleased to hear that this latest step will enable future growth opportunities for GLOBALFOUNDRIES for years to come.”

GF employs nearly 3,000 people and has invested over $13 billion in Fab 8, its most advanced manufacturing facility in upstate New York. The company recently announced it is bringing its most advanced Fab 8 facility in upstate New York into compliance with both the U.S. International Traffic in Arms Regulations (ITAR) standards and the highly restrictive Export Control Classification Numbers (ECCNs) under the Export Administration Regulations (EAR).

IQE Develops Path For VCSEL Growth On Silicon
EV Group Brings Maskless Lithography To High Volume Manufacturing
Multibeam To Develop Full-Wafer, All-Maskless Patterning At 45 Nm
Global Semiconductor Sales Increase 4.9 Percent
Dialog Semiconductor Licenses Its Non-Volatile Resistive RAM Technology To GLOBALFOUNDRIES
Advanced Process Solutions For Industry Leaders
Detection Technology Launches X-Panel 1412
Panasonic Completes Transfer Of Semiconductor Business To Nuvoton
Picosun’s Medical ALD Solutions Enable Safer Surgeries
IGBT Modules Interrogated Acoustically
Keep Calm And Carry On – Covid 19 And The Semiconductor Industry
Deca Announces Chiplet Advanced Packaging Partnership With ADTEC
ACM Research Highlights WLP Processing Equipment For OSAT Customers
Picosun’s Success Brings Chairman Of The Board National Entrepreneur Award Of Finland 2020
3D-Micromac Unveils Laser Annealing System For Magnetic Sensor Manufacturing
Park Systems Announces NanoScientific Symposium Asia - November 24-25 2020
IMT Modernizes MEMS Foundry Services With Plasma Etch Solution
SUSS MicroTec And DELO Collaborate On Imprint Lithography
EV GROUP Addresses Key Process Gap In Heterogeneous Integration
ACM Research Enters 3D TSV Copper Plating Market
ULVAC Techno Offers Equipment Support In Japan And East Asia
SINGULUS Receives Order From Leading Semiconductor Foundry
Webinar: AC Power Control: Configurable /flexible /robust Hardware Based Controller Solutions
Silicon Wafer Shipments Slip In Third Quarter 2020 But Strong For Year

Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}