GlobalFoundries has announced it is proceeding with a planned $2.3 billion expansion of the cleanroom at its Fab 8 semiconductor facility in Malta, NY with construction set to begin next month.
The expansion will boost capacity to meet “increasingly strong demand” from its customers, the company said. The expansion, which will be completed in December 2013, is expected to add several hundred jobs to the 1,500 already at Fab 8, while increasing the size of the cleanroom facility, where semiconductors are manufactured on 300 mm silicon wafers, to 300,000 square feet from 210,000 square feet currently. That’s roughly the area of six football fields.
The Times Union first reported on July 6 that the company planned to proceed with the expansion, although GlobalFoundries didn’t announce the move officially until Tuesday.
When the expansion is completed and additional manufacturing equipment installed, the semiconductor facility will represent a $6.9 billion capital investment, GlobalFoundries said.
The project received $1.4 billion in cash and tax benefits from New York state.
You might like:
- 3D Systems Expanding In Tennessee
- Amazon Adding Two New Fulfillment Facilities In California
- Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation
- Industry Focus: Aerospace Sector Is Flying High Again
- Data Cowboys
- Kansas City Launches “Smart City” Initiative
- Leading FDI Experts Analyze Global Trends At LiveXchange
- Michigan Hot Dog Maker To Expand, Hire 140 Workers
- Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs
- Mitsubishi Heavy Industries HQ Moving To Texas
- Last Chance
- Shopping Bag Manufacturer Creating 100 Jobs In Georgia
- Automotive Parts Supplier Expanding In Indiana
- Salesforce To Grow Regional HQ, Add 800 Jobs In Indiana
- Advanced Manufacturing Industry: Dynamic Advancements
- State Focus: New York – Accelerating Biotech Innovation In The Empire State
- Two-Way Street
- TeamHealth Expanding In Knoxville, TN