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).

GLOBALFOUNDRIES 12LP+ FinFET Solution Ready For Production
Dow Launches Fast Curing Silicone Adhesive
Park Systems Announces NanoScientific Symposium
Ereztech Expands US Footprint, Opens R&D Lab
Onto Innovation Announces Three New Metrology Systems
Picosun Group’s Strong Growth Continues In 2020
Bat-like Sensor Could Help Social Distancing As Lockdown Lifts
SUSS MicroTec And Micro Resist Technology Partner In Advancing Nanoimprint Lithography
SPTS Technologies Honored With Queen’s Award For Enterprise In Innovation 2020
Pfeiffer Vacuum Introduces Next Generation Gas Analyzers
OLED Rising Market Marks New Era In Lighting And Screen Technology
Oxford Instruments’ Plasma Technology And NanoScience Businesses Collaborate With The Consortium
Xperi And Tower Announce New License
130 Years Of Pfeiffer Vacuum
GLOBALFOUNDRIES To Acquire Land In NY For Advanced Manufacturing Facility
Picosun And A*STAR’s IME To Create Novel, High Performance Memories
Park Systems Announces The Opening Of A New Subsidiary In The UK
ACM Research Launches 18-Chamber Single-Wafer Cleaning Tool
The ASM 306 S Helium And Hydrogen Sniffer Leak Detector For Easy And Accurate Full-time Sniffing Operations
Picosun’s Medical ALD Solutions
Imec Demonstrates Si FinFET CMOS Devices With Integrated Tungsten Buried Power Rails
Imec Overcomes Fundamental Operation Challenge For Voltage Controlled RAM
Full Range Of Dry Roots Process Pumps For Harsh Duty Applications (XN Series)
Inception Semiconductor Single Wafer Processing Tool

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}