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GlobalFoundries has been selected to operate two new semiconductor manufacturing facilities in Malta, New York, under a major US-Japan investment initiative valued at up to $21 billion. The expansion aims to strengthen domestic chip production and support growing demand from automotive, industrial and connected-infrastructure markets. The first facility is expected to begin operations in 2029. Beyond increasing semiconductor capacity, the project could generate significant demand for cleanroom technology, automation, advanced cooling, filtration and high-precision manufacturing equipment. The investment highlights the strategic importance of semiconductor supply chains and the accelerating development of advanced manufacturing in the United States.

October 2026

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