GlobalFoundries (GF), majority owned by Mubadala, has been selected as the operator of two new semiconductor manufacturing facilities in Malta, New York — part of a $21 billion deal between the US and Japan. The expansion will boost GF's semiconductor manufacturing capacity by around 1.8 million chips annually. The project is expected to generate approximately 27,000 construction and ecosystem jobs and more than 1,000 high-skilled manufacturing positions in New York's Capital Region, adding to the 2,500 workers already employed at GF’s flagship Malta facility.
As GF expands its chip manufacturing capabilities, the company is also working with the Commerce Department to scale US-made silicon and advanced packaging — a key component in AI hardware. The Commerce Department will reallocate $955 million to expand those capabilities across GF's New York and Vermont facilities, building on a $375 million CHIPS Act grant awarded earlier this year. GF also signed a recent $2 billion agreement with TSMC to establish the first US-based supply of silicon interposers, further reducing American dependence on overseas production.
Why This Matters
Nearly two decades of Mubadala investment helped grow GF into one of the largest semiconductor manufacturers in the world — building durable American industrial capacity. These recent major deals reflect the scale GF has achieved through long-term UAE capital: a New York chipmaker grown into a trusted operator for ambitious global projects that strengthen US supply chains and support American jobs.
Together, these investments are building out a more resilient American semiconductor ecosystem. At a moment when chip manufacturing capacity has become a national priority, UAE-backed investment is helping ensure that capacity is American-made.
“GF was selected because fabs of this scale require more than capital. They require differentiated technology, operational excellence and a proven ability to execute. That combination is what positions GF to make this first-of-its-kind initiative a success.” – Tim Breen, CEO of GlobalFoundries
