The company plans to spend over $13 billion modernizing its plants in Essex Junction and New York while committing an additional $3 billion to research and development in the Northeast.

GlobalFoundries announces $16B investment to expand semiconductor manufacturing in NY and VT, driving AI technology ...

The new CEO of GlobalFoundries Inc., Tim Breen, has announced that the company will be making a $16B investment into chip ...

The chipmaker said the move resulted from President Trump’s push to onshore U.S. manufacturing and expand the domestic ...

GlobalFoundries announces plans to invest $16 billion to boost manufacturing and accelerate AI growth in the US. Takeaway Points GlobalFoundries announces plans to invest $16 billion. The aim is to ...

Contract fab GlobalFoundries has announced a commitment to spend $16 billion on plant expansion and advanced packaging ...

Backed by leading tech giants, the investment reinforces domestic semiconductor production and U.S.-based innovation in ...

GlobalFoundries will be investing $16 billion to expand its chip manufacturing operations throughout its New York and Vermont facilities, the company announced on Wednesday.

GlobalFoundries plans to invest $16 billion to expand U.S.-based chipmaking to meet artificial intelligence demand.

GlobalFoundries says it's tacking on another $3 billion to its previously announced $13 billion-plus investment planned for ...

The supplier of major tech firms said the move followed calls by President Donald Trump to increase domestic manufacturing.